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...