STRAYER MAT 540 QUANTITATIVE METHODS MIDTERM EXAM (SCORE 100%) GUARANTEE - 71686

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Request Description

 

Deterministic techniques assume that no uncertainty exists in model parameters.
True

 

False

 

Question 2

 

A continuous random variable may assume only integer values within a given interval.
 True

 

False

 

Question 3

 

 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.

 

True

 

False

 

Question 4

 

A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.

 

True

 

False

 

Question 5

 

A table of random numbers must be normally distributed and efficiently generated.

 

True

 

False

 

Question 6

 

 Starting conditions have no impact on the validity of a simulation model.

 

True

 

False

 

Question 7

 

 The Delphi develops a consensus forecast about what will occur in the future.

 

True

 

False

 

Question 8

 

Qualitative methods are the least common type of forecasting method for the long-term strategic planning process.

 

True

 

False

 

 

Solution Description

 

Deterministic techniques assume that no uncertainty exists in model parameters.
           True

           False

Question 2

Attachments
Mat 540  midterm.docx
Mat 540 midter...