Quantitative Methods
Review Test Submission: Midterm Exam SKIP TO COURSE MENU SKIP TO TOP FRAME TABS
Content
User
Course
Quantitative Methods
Test
Midterm Exam
Started
2/5/14 10:13 PM
Submitted
2/6/14 2:13 AM
Status
Completed
Attempt Score
120 out of 200 points
Time Elapsed
4 hours, 0 minute out of 4 hours.
Instructions
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 continuous random variable may assume only integer values within a given interval. Answer
Selected Answer: False
Correct Answer: False
Question 4
0 out of 5 points
A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.
Answer
Selected Answer: True
Correct Answer: False
Question 5
5 out of 5 points
Starting conditions have no impact on the validity of a simulation model.
Answer
Selected Answer: False
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
Qualitative methods are the least common type of forecasting method for the long-term strategic planning process.
Answer
Selected Answer: False
Correct
Content
User
Course
Quantitative Methods
Test
Midterm Exam
Started
2/5/14 10:13 PM
Submitted
2/6/14 2:13 AM
Status
Completed
Attempt Score
120 out of 200 points
Time Elapsed
4 hours, 0 minute out of 4 hours.
Instructions
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 continuous random variable may assume only integer values within a given interval. Answer
Selected Answer: False
Correct Answer: False
Question 4
0 out of 5 points
A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.
Answer
Selected Answer: True
Correct Answer: False
Question 5
5 out of 5 points
Starting conditions have no impact on the validity of a simulation model.
Answer
Selected Answer: False
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
Qualitative methods are the least common type of forecasting method for the long-term strategic planning process.
Answer
Selected Answer: False
Correct