Math 540 Midterm

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Test | Midterm Exam | Started | 2/5/13 2:51 PM | Submitted | 2/5/13 4:53 PM | Status | Completed | Score | 165 out of 200 points | Time Elapsed | 2 hours, 1 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 | | | A continuous random variable may assume only integer values within a given interval. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | 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 5 out of 5 points | | | Simulation results will always equal analytical results if 30 trials of the simulation have been conducted.Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | Question 6 5 out of 5 points | | | Excel can only be used to simulate systems that can be represented by continuous random variables.Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | Question 7 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 Answer: | False | | | | | Question 8 5

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