MAT540 Week 5 MIDTERM Exam

Feb 3rd, 2012
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University of Phoenix
Course: Business and Management
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MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM MAT540 Week 5 MIDTERM

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? Question 1 5 out of 5 pointsDeterministic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: TrueCorrect Answer: True? Question 2 5 out of 5 pointsAn 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: TrueCorrect Answer: True? Question 3 5 out of 5 pointsA joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. Answer Selected Answer: FalseCorrect Answer: False? Question 4 5 out of 5 pointsA decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.Answer Selected Answer: FalseCorrect Answer: False? Question 5 0 out of 5 pointsSimulation results will always equal analytical results if 30 trials of the simulation have been conducted.Answer Selected Answer: TrueCorrect Answer: False? Question 6 5 out of 5 pointsA table of random numbers must be normally distributed and efficiently generated.Answer Selected Answer: FalseCorrect Answer: False? Question 7 5 out of 5 pointsThe Delphi develops a consensus forecast about what will occur in the future.Answer Selected Answer: TrueCorrect Answer: True? Question 8 5 out of 5 pointsData cannot exh

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