Bit 3434 - Study guides, Class notes & Summaries

BIT 3434 Final Exam Questions And 100% Accurate Answers...

BIT 3434 Midterm 1 What is the anchoring effect? - correct answer - When seemingly trivial factors serves as a starting point for estimations. ex: 1x2x3x4x5x6x7x8 people may think this is less than 8x7x6x5x4x3x2x1 if they were guessing (They the same) What is the framing effect? - correct answer How a decision maker views or perceives the alternatives in a decision problem--- often in a win/loss perspective. Ex: you just been given $1000, but must choose one option A) receive another ...

BIT 3434 EXAM 1 questions and answers certified 2024

BIT 3434 Exam 1What is a computer model? - correct answer It is a set of mathematical relationships and logical assumptions implemented in a computer. What is business analytics? - correct answer It is synonymous to management science. What is a physical model? - correct answer It is a real representation of an object, such as a car, that is built to a smaller scale for evaluation and testing purposes What is a mathematical model? - correct answer It is a model that uses mathematica...

BIT 3434 Chapter 1 Exam Questions And Correct Answers...

BIT 3434 Chapter 9 Exam Questions And Accurate Answers...

BIT 3434 Final Exam questions and answers certified 2024

BIT 3434 FinalA scaling problem... - correct answer -Can cause problems in the accuracy of solutions returned -Can cause analytic problem solver to consider a linear program as non-linear -Are caused by small numbers and large numbers used in the same problem If a company selects either project 2 or project 3 (but not both 2 and 3) then it must also select project 1. Write the constraint that enforces that condition - correct answer (X2+X3) - X1 <= 0 The regression function indicate...

BIT 3434 Midterm 1 Questions with certifed solutions 2024