Mat 540 Quiz 2

2395 Words10 Pages
* Question 1 2 out of 2 points | | | Probability trees are used only to compute conditional probabilities. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 2 2 out of 2 points | | | Seventy two percent of all observations fall within 1 standard deviation of the mean if the data is normally distributed. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 3 2 out of 2 points | | | If two events are not mutually exclusive, then P(A or B) = P(A) + P(B) Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 4 2 out of 2 points | | | The maximin approach involves choosing the alternative with the highest or lowest payoff. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 5 2 out of 2 points | | | Both maximin and minimin criteria are optimistic. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 6 2 out of 2 points | | | The Hurwicz criterion is a compromise between the maximax and maximin criteria. Answer | | | | | Selected Answer: | True | Correct Answer: | True | | | | | * Question 7 2 out of 2 points | | | Using the minimax regret criterion, we first construct a table of regrets. Subsequently, for each possible decision, we look across the states of nature and make a note of the maximum regret possible for that decision. We then pick the decision with the largest maximum regret. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 8 2 out of 2 points | | | The chi-square test is a statistical test to see if an observed data fit a

More about Mat 540 Quiz 2

Open Document