- Submitted By: graduated444
- Date Submitted: 03/13/2014 7:39 AM
- Category: Science
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- Page: 10
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Mat 540 Quantitative Methods Final Exam 2013

Question 1

5 out of 5 points

Correct

In an unbalanced transportation model, supply does not equal demand and one set of constraints uses ≤ signs.

Answer

Selected Answer: True

Correct Answer: True

Question 2

5 out of 5 points

Correct

In a transshipment problem, items may be transported from destination to destination and from source to source.

Answer

Selected Answer: True

Correct Answer: True

Question 3

0 out of 5 points

Incorrect

Adjusted exponential smoothing is an exponential smoothing forecast adjusted for seasonality.

Answer

Selected Answer: True

Correct Answer: False

Question 4

5 out of 5 points

Correct

A cycle is an up and down movement in demand that repeats itself in less than 1 year.

Answer

Selected Answer: False

Correct Answer: False

Question 5

5 out of 5 points

Correct

If we are solving a 0-1 integer programming problem, the constraint x1 = x2 is a conditional constraint.

Answer

Selected Answer: False

Correct Answer: False

Question 6

5 out of 5 points

Correct

Fractional relationships between variables are not permitted in the standard form of a linear program.

Answer

Selected Answer: True

Correct Answer: True

Question 7

5 out of 5 points

Correct

A business owner is trying to decide whether to buy, rent, or lease office space and has constructed the following payoff table based on whether business is brisk or slow.

The conservative (maximin) strategy is:

Answer

Selected Answer:

Lease

Correct Answer:

Lease

Question 8

5 out of 5 points

Correct

Events that cannot occur at the same time in any trial of an experiment are:

Answer

Selected Answer:

mutually exclusive

Correct Answer:

mutually exclusive

Question 9

5 out of 5 points

Correct

The probability of observing x

successes in a fixed number of trials is a problem related to

Answer

Selected Answer:

the binomial distribution...

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