Login

Contact Us
Homework
Homework Questions? Ask a Tutor for Answers ASAP
Not a Homework Question?
How JustAnswer Works:
Ask an Expert
Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
Get a Professional Answer
Via email, text message, or notification as you wait on our site.
Ask follow up questions if you need to.
100% Satisfaction Guarantee
Rate the answer you receive.
Ask Scott Your Own Question
Scott
,
MIT Graduate
Category:
Homework
Satisfied Customers:
3040
Experience:
MIT Graduate (Math, Programming, Science, and Music)
3546829
Type Your Homework Question Here...
Scott is online now
NA MV
Customer Question
1. Simulation results will always equal analytical results if 30 trials of the simulation have been conducted.
T or F
2. Data cannot exhibit both trend and cyclical patterns.
T or F
3. ________is a measure of dispersion of random variable values about the expected value.
4. Assume that it takes a college student an average of 5 minutes to find a parking spot in the main parking lot. Assume also that this time is normally distributed with a standard deviation of 2 minutes. What time is exceeded by approximately 75% of the college students when trying to find a parking spot in the main parking lot?
5. The __________ is the expected value of the regret for each decision.
In the Monte Carlo process, values for a random variable are generated by __________ a probability distribution
6. Pseudorandom numbers exhibit __________ in order to be considered truly random.
7. Consider the following demand and forecast.
Period Demand Forecast
1 7 10
2 12 15
3 18 20
4 22
If MAD = 2, what is the forecast for period 4?
8. The following data summarizes the historical demand for a product
Month Actual Demand
March 20
April 25
May 40
June 35
July 30
August 45
9. If the forecasted demand for June, July and August is 32, 38 and 42, respectively, what is MAPD? Write your answer in decimal form and not in percentages. For example, 15% should be written as 0.15. Use three significant digits after the decimal.
10. The following sales data are available for 20032008 :
Year Sales Forecast
2003 7 9
2004 12 10
2005 14 15
2006 20 22
2007 16 18
2008 25 21
11. Calculate the absolute value of the average error. Use three significant digits after the decimal.
12. Given the following data, compute the MAD for the forecast.
Year Demand Forecast
2001 16 18
2002 20 19
2003 18 24
13. Consider the following annual sales data for 20012008.
Year Sales
2001 2
2002 4
2003 10
2004 8
2005 14
2006 18
2007 17
2008 20
14. Calculate the correlation coefficient . Use four significant digits after the decimal.
15. The following data summarizes the historical demand for a product.
Month Actual Demand
March 20
April 25
May 40
June 35
July 30
August 45
Use exponential smoothing with α = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August
16. Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6period time frame:
Compute a 3period moving average for period 4. Use two places after the decimal.
17. This is the data from the last 4 weeks:
Use the equation of the regression line to forecast the increased sales for when the number of ads is 10.
18. Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6period time frame:
Compute a 3period moving average for period 6. Use two places after the decimal.
19. Given the following random number ranges and the following random number sequence: 62, 13, 25, 40, 86, 93, determine the average demand for the following distribution of demand.
Demand Random
Number Ranges
5 0014
6 1544
7 4569
8 7084
9 8599
20. Consider the following decision tree.
What is the expected value at node 4? Round your answer to the nearest whole number. Do not include the dollar sign “$” in your answer.
21. The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code.
If he is conservative, how many new workers will he hire?
Submitted:
4 years ago.
Category:
Homework
Share this conversation
Expert:
AngelaMod
replied 4 years ago.
Hi, I’m a moderator for this topic and I wonder whether you’re still waiting for an answer. If you are, please let me know and I will do my best to find an Expert to assist you right away. If not, feel free to let me know and I will cancel this question for you. Thank you!
Ask Your Own Homework Question
Share this conversation
JustAnswer in the News:
Askadoc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses workfromhome jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
What Customers are Saying:
Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.
Mary C.
Freshfield, Liverpool, UK
<
Previous

Next
>
Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.
Mary C.
Freshfield, Liverpool, UK
This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!
Alex
Los Angeles, CA
Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.
GP
Hesperia, CA
I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.
Justin
Kernersville, NC
Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.
Esther
Woodstock, NY
Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.
Robin
Elkton, Maryland
He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.
Diane
Dallas, TX
Meet The Experts:
LogicPro
Engineer
Satisfied Customers:
4925
Expert in Java C++ C C# VB Javascript Design SQL HTML
<
Last

Next
>
http://ww2.justanswer.com/uploads/ComputersGuru/20100213_051118_Photo41.JPG
LogicPro's Avatar
LogicPro
Engineer
Satisfied Customers:
4925
Expert in Java C++ C C# VB Javascript Design SQL HTML
http://ww2.justanswer.com/uploads/BU/BusinessTutor/201222_115741_Kouki2.64x64.jpg
Manal Elkhoshkhany's Avatar
Manal Elkhoshkhany
Tutor
Satisfied Customers:
4538
More than 5000 online tutoring sessions.
http://ww2.justanswer.com/uploads/LI/lindaus/2012610_04811_IMG20120609164157.64x64.jpg
Linda_us's Avatar
Linda_us
Finance, Accounts & Homework Tutor
Satisfied Customers:
3138
Post Graduate Diploma in Management (MBA)
http://ww2.justanswer.com/uploads/chooser77/20090818_162025_Chris.jpg
Chris M.'s Avatar
Chris M.
M.S.W. Social Work
Satisfied Customers:
2602
Master's Degree, strong math and writing skills, experience in oneonone tutoring (college English)
http://ww2.justanswer.com/uploads/JawaadAhmed/2009627_12137_SIs_SHadi.jpg
F. Naz's Avatar
F. Naz
Chartered Accountant
Satisfied Customers:
2126
Experience with chartered accountancy
http://ww2.justanswer.com/uploads/JK/jkcpa/2011116_182614_jkcpa.64x64.jpg
Bizhelp's Avatar
Bizhelp
CPA
Satisfied Customers:
1887
Bachelors Degree and CPA with Accounting work experience
http://ww2.justanswer.com/uploads/avremote/photoa.jpg
Seanna's Avatar
Seanna
Tutor
Satisfied Customers:
1781
3,000+ satisfied customers, all topics, A+ work
Related Homework Questions
Question
Date Submitted
When someone talks about the story titled "Inherit The Wind"
8/24/2016
8/24/2016
Donna Kakonge
I have an advanced database class I am not learning well
8/24/2016
8/25/2016
LogicPro
When preschoolers first begin to imitate the actions of
8/23/2016
8/23/2016
I need answers to to my homework and I would need them fast
8/23/2016
8/23/2016
Does anyone know how to use Java Reflection to invoke a
8/23/2016
8/23/2016
drivenjesus
In the following link: I neglected to ask the expert: Are
8/22/2016
8/22/2016
Donna Kakonge
Please add the following to
8/22/2016
8/22/2016
LogicPro
What would be the approximate speed of vehicle (A) weighing
8/22/2016
8/24/2016
GLENN
LogicPro can you help me remotely with my last assignment?
8/21/2016
8/21/2016
LogicPro
Please help explain how these normalization steps are
8/20/2016
8/20/2016
LogicPro
X
Ask a Tutor
Get a Professional Answer. 100% Satisfaction Guaranteed.
47 Tutors are Online Now
Type Your Homework Question Here...
characters left: