MATH 540- WEEK 11 FINAL EXAM
Question 1
5 out of 5 points
A cycle is an up and down movement in demand that repeats itself in less than 1
... [Show More] year.
Answer
Selected Answer: False
Correct Answer: False
Question 2
5 out of 5 points
Adjusted exponential smoothing is an exponential smoothing forecast adjusted for
seasonality.
Answer
Selected Answer: False
Correct Answer: False
Question 3
5 out of 5 points
In a total integer model, all decision variables have integer solution values.
Answer
Selected Answer: True
Correct Answer: True
Question 4
5 out of 5 points
Fractional relationships between variables are not permitted in the standard form of a
linear program.
Answer
Selected Answer: True
Correct Answer: True
Question 5
5 out of 5 points
Excel can be used to simulate systems that can be represented by both discrete and
continuous random variables.
Answer
Selected Answer: True
Correct Answer: True
Question 6
5 out of 5 points
In a 0-1 integer programming problem involving a capital budgeting application (where
xj = 1, if project j is selected, xj = 0, otherwise) the constraint x1 – x2 ≤ 0 implies that if
project 2 is selected, project 1 cannot be selected.
Answer
Selected Answer: False
Correct Answer: False
Question 7
5 out of 5 points
Events that cannot occur at the same time in any trial of an experiment are:
Answer
Selected Answer:
mutually exclusive
Correct Answer:
mutually exclusive
Question 8
5 out of 5 points
Using the minimax regret criterion to make a decision, you
Answer
Selected
Answer: Construct a table of regrets. Look at the maximum regret for each
decision. Select the decision with the smallest maximum regret.
Correct
Answer: Construct a table of regrets. Look at the maximum regret for each
decision. Select the decision with the smallest maximum regret.
Question 9
5 out of 5 points
The probability of observing x
successes in a fixed number of trials is a problem related to
Answer
Selected Answer:
the binomial distribution
Correct Answer:
the binomial distribution [Show Less]