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MAT540 Week 5 MIDTERM Exam

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 Question 1
5 out of 5 points
Deterministic techniques assume that no uncertainty exists in model parameters.
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 Question 2
5 out of 5 points
An inspector correctly identifies defective products 90% of the time. For the next 10
products, the probability that he makes fewer than 2 incorrect inspections is 0.736.
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 Question 3
5 out of 5 points
A joint probability is the probability that two or more events that are mutually exclusive
can occur simultaneously.
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 Question 4
5 out of 5 points
A decision tree is a diagram consisting of circles decision nodes, square probability
nodes, and branches.

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 Question 5
0 out of 5 points
Simulation results will always equal analytical results if 30 trials of the simulation have
been conducted.
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 Question 6
5 out of 5 points
A table of random numbers must be normally distributed and efficiently generated.
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 Question 7
5 out of 5 points
The Delphi develops a consensus forecast about what will occur in the future.
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 Question 8
5 out of 5 points

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? Question 1 5 out of 5 points Deterministic techniques assume that no uncertainty exists in model parameters. ? Answer Selected Answer: ?True Correct Answer: ?True ? Question 2 5 out of 5 points An inspector correctly identifies defective products 90% of the time. For the next 10 products, the probability that he makes fewer than 2 incorrect inspections is 0.736. Answer Selected Answer: ?True Correct Answer: ?True ? Question 3 5 out of 5 points A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. ? Answer Selected Answer: ?False Correct Answer: ?False ? Question 4 5 out of 5 points A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches. Answer Selected Answer: ?False Correct Answer: ?False ? Question 5 0 out of 5 points Simulation results will always equal analytical results if 30 trials of the simulation have been conducted. Answer Selected Answer: ?True Correct Answer: ?False ? Question 6 5 out of 5 points A table of random numbers must be normally distributed and efficiently generated. Answer Selected Answer: ?False Correct Answer: ?False ? Question 7 5 out of 5 points The Delphi develops a consensus forecast about what will occur in the future. Answer Selected Answer: ?True Correct Answer: ?True ? Question 8 5 out of 5 points Data cannot exh ...
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