# MAT 540 MIDTERM

**Tutor description**

1. Deterministic techniques assume that no uncertainty exists in model parameters. Answer True False 2. 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 True False 3. A continuous random variable may assume only integer values within a given interval. Answer True False 4. A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches. Answer True false 5. Question 5 Excel can only be used to simulate systems that can be represented by continuous random variables. Answer True False Question 6 Starting conditions have no impact on the validity of a simulation model. Answer True False Question 7 Data cannot exhibit both trend and cyclical patterns. Answer True false Question 8 Qualitative methods are the least common type of forecasting method for the long-term strategic p

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