Homework

Homework

# Deterministic Techniques Assume No Uncertainty Exists In Parameters

Customer Question
Deterministic techniques assume that no...

Deterministic techniques assume that no uncertainty exists in model parameters.
False
5 points

Question 2
A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.
False
5 points

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.AnswerTrue
False
5 points

Question 4
A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.AnswerTrue
False
5 points

Question 5
Excel can only be used to simulate systems that can be represented by continuous random variables.AnswerTrue
False
5 points

Question 6
Simulation results will always equal analytical results if 30 trials of the simulation have been conducted.AnswerTrue
False
5 points

Question 7
The Delphi develops a consensus forecast about what will occur in the future.AnswerTrue
False
5 points

Question 8
Qualitative methods are the least common type of forecasting method for the long-term strategic planning process.AnswerTrue
False
5 points

Question 9
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?Answer
3.5 minutes
5.75 minutes
6.36 minutes
9.2 minutes
5 points

Question 10
In Bayesian analysis, additional information is used to alter the __________ probability of the occurrence of an event.Answer
marginal
conditional
binomial
revised
5 points

Question 11
The __________ is the expected value of the regret for each decision.Answer
expected value
expected opportunity loss
expected value of perfect information
none of the above
5 points

Question 12
Pseudorandom numbers exhibit __________ in order to be considered truly random.Answer
a limited number of possible outcomes
a uniform distribution
a detectable pattern
a detectable run of certain numbers
5 points

Question 13
Random numbers generated by a __________ process instead of a __________ process are pseudorandom numbers.Answer
physical / physical
physical / mathematical
mathematical / physical
mathematical / mathematical
5 points

Question 14
steady state solution of a simulation experiment
number used to start a stream of random numbers
first run of a simulation model
analytic solution of a simulation experiment
5 points

Question 15
Consider the following frequency of demand:

If the simulation begins with 0.8102, the simulated value for demand would beAnswer
1
2
3
4
5 points

Question 16
Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?Answer
Trend only
Trend plus seasonal
Cyclical only
None of the above
5 points

Question 17
Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:
If the forecast for period 5 is equal to 275, use exponential smoothing with α = .40 to compute a forecast for period 7.Answer
273
277
267.8
286.2
5 points

Question 18
In exponential smoothing, the closer alpha is to __________, the greater the reaction to the most recent demand.Answer
-1
0
1
-1 or 1
5 points

Question 19
__________ is absolute error as a percentage of demand.Answer
Cumulative error
MAPD
Average error
5 points

Question 20
__________ is a measure of the strength of the relationship between independent and dependent variables.Answer
Correlation
Linear regression
Coefficient of determination
Regression
5 points

Question 21
__________ is a category of statistical techniques that uses historical data to predict future behavior.Answer
Qualitative methods
Regression
Time series
Quantitative methods
5 points

Question 22
__________ methods are the most common type of forecasting method for the long-term strategic planning process.Answer
Regression
Qualitative
Time series
all of the above
5 points

Question 23
__________ is the difference between the forecast and actual demand.Answer
Forecast mistake
Forecast error
Forecast accuracy
5 points

Question 24
Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?Answer
Trend only
Trend plus seasonal
Seasonal only
None of the above
5 points

Question 25
The drying rate in an industrial process is dependent on many factors and varies according to the following distribution.
Compute the mean drying time. Use two places after the decimal.Answer
5 points

Question 26
An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph, both shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints.

xi 0 1 2 3 4 5 6
p(xi) 10 .15 .18 .20 .20 .10 .07

5 points

Question 27
A loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is larger than 21 oz? Round your answer to four places after the decimal.Answer
5 points

Question 28
A fair die is rolled 8 times. What is the probability that an even number (2,4, 6) will occur between 2 and 4 times? Round your answer to four places after the decimal.Answer
5 points

Question 29
Consider the following decision tree.

5 points

Question 30
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 thinks the chances of low, medium, and high compliance are 20%, 30%, and 50% respectively, what is the expected value of perfect information? Round your answer to the nearest dollar.Answer
5 points

Question 31
Consider the following distribution and random numbers:

If a simulation begins with the first random number, what would the first simulation value would be __________.Answer
5 points

Question 32
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

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.Answer
5 points

Question 33
Given the following data, compute the MAD for the forecast.

Year Demand Forecast
2001 16 18
2002 20 19
2003 18 24
5 points

Question 34
Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:

Compute a 3-period moving average for period 6. Use two places after the decimal.Answer
5 points

Question 35
Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a 2 day moving average.Answer
5 points

Question 36
Robert wants to know if there is a relation between money spent on gambling and winnings.

What is the coefficient of determination? Use two significant places after the decimal.Answer
5 points

Question 37
The following sales data are available for 2003-2008.

Determine a 4-year weighted moving average forecast for 2009, where weights are W1 = 0.1, W2 = 0.2, W3 = 0.2 and W4 = 0.5.Answer
5 points

Question 38
Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame:

Compute a 3-period moving average for period 4. Use two places after the decimal.Answer
5 points

Question 39
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.Answer
5 points

Question 40
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.Answer

Submitted: 5 years ago.Category: Homework
Show More
Show Less
2/5/2012
Tutor: Kathy, Teacher replied 5 years ago
Kathy, Teacher
Category: Homework
Satisfied Customers: 3,783
Experience: Elementary teacher for 16 years Bilingual Spanish English and with a Psychology Masters
Verified
3 False
4 False
5 False
6 False
7 False
8 True
9 6.36 minutes
10 All of the above
11 expected value of perfect information
12 1
13 .71
14 a uniform distribution
15 mathematical / physical
16 Time series
17 Correlation
18 dependent, independent
21 286.2
22 MAPD
23 .01
24 FORECAST ERROR
19 & 20 are missing the data.
Category: Homework
Satisfied Customers: 3,040
3,040 Satisfied Customers
Experience: MIT Graduate (Math, Programming, Science, and Music)

Scott is online now

A new question is answered every 9 seconds

• Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
• Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

Ask-a-doc 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.
...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 work-from-home 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

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!!!!

AlexLos 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.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, 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.

EstherWoodstock, 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.

RobinElkton, 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.

DianeDallas, TX

< Previous | Next >

## Meet the Experts:

LogicPro

Engineer

5,672 satisfied customers

Expert in Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Tutor

4,549 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Finance, Accounts & Homework Tutor

3,138 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

M.S.W. Social Work

2,635 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

Chartered Accountant

2,158 satisfied customers

Experience with chartered accountancy

Bizhelp

CPA

1,887 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Seanna

Tutor

1,781 satisfied customers

3,000+ satisfied customers, all topics, A+ work

< Previous | Next >

Related Homework Questions
I asked a question and will pay but the site asks me to
hi i asked a question and will pay but the site asks me to verify an ammount below 200 usd which i want to but it does not give me the option to do so, please help… read more
GLENN
Master of Mathematics
329 satisfied customers
Which if the following is not included unpaid-in capital?
which if the following is not included unpaid-in capital? common stock pain-in capital-donations stock dividend distributable appropriation per loan agreement … read more
F. Naz
Chartered Accountant
CA Finalist & Completed B.com
2,158 satisfied customers
This question is just for Dr. Kakonge. This purpose is to
Hello. This question is just for Dr. Donna Kakonge.This purpose is to pay the payment to Dr. Donna Kakonge on 06/16/2017 again because of something wrong about payment on 06/16/2017.The question on 06… read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
On Excel contour map want to: 1) rotate series 180 degrees
On Excel contour map want to: 1) rotate series 180 degrees but not category 2) edit series name for all 3) edit legend 4) fill in colour boxes 5) change colour boxes to meet colorirmetric convention.… read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
A rifle with a longer barrel can fire bullets with a larger
A rifle with a longer barrel can fire bullets with a larger velocity than a rifle with a shorter barrel. A. Explain this using the impulse momentum theorem B. Explain this using the work energy theore… read more
GLENN
Master of Mathematics
329 satisfied customers
I need to get an answer of the case Conveyor Belt Project.
I need to get an answer of the case Conveyor Belt Project … read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
Where is the status bar? Im so sorry to be in a rush but if
where is the status bar? Im so sorry to be in a rush but if i fail my exam i have to redo my year … read more
The-PC-Guy
Bachelor\u0027s Degree
628 satisfied customers
A recent survey found that 73% of all adults over 50 wear
A recent survey found that 73% of all adults over 50 wear sunglasses for driving. In a random sample of 20 adults over 50, what is the mean and standard deviation of those that wear sunglasses?… read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
Is anyone familiar with Excel??? The link below will take
Is anyone familiar with Excel??? The link below will take you to my question. It is due 02/14/10 Sunday night , but the sooner the better. You will see "1: Five-Year Sales Projections" that is what I … read more
Stephen, MBA
Master's Degree
166 satisfied customers
160 Word min.: Consider the internal control process
160 Word min.: Consider the internal control process required by the Sarbanes-Oxley Act. Do you think the expenses of implementing better internal controls are offset by the benefits of having the con… read more
Jane T(LLC)
Master's Degree
18 satisfied customers
I would ask this in homework but I think this is out of
Hi,I would ask this in homework but I think this is out of their area of expertise. How much to answer these 40 electrician trade school questions from Penn foster. This is their NEC graded project wh… read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
I have questions on teh fundamental accounting principles
I have questions on teh fundamental accounting principles book nineteenth edition. chapter 11. if you do hit me up… read more
Brittany
Bachelor\u0027s Degree
102 satisfied customers
I see you have already done this project but i dont see the
hello i see you have already done this project but i dont see the essay part of it or the brainstorm page it needed done,i am in need of these asap,if you can contact me that would be great,thnx “Evil… read more
Bachelor\u0027s Degree
77 satisfied customers
I need help on how to figure out this problem, I am having
Hello, I need help on how to figure out this problem … read more
GLENN
Master of Mathematics
329 satisfied customers
How many words per minute does the average person think? How
Good afternoon, how many words per minute does the average person think? … read more
GLENN
Master of Mathematics
329 satisfied customers
Section 1 – Objectives: Provide a brief summary of the
Section 1 – Objectives: Provide a brief summary of the project. • Section 2 – Task 1: Basic Web Tracking Mechanism: Summarize your efforts to investigate web tracking, including the screenshots you to… read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
I need help implementing expectation maximization algorithm
I need help implementing expectation maximization algorithm in python … read more
Dr. Donna Kakonge
Doctor of Education
187 satisfied customers
I have 3 more if you want them, i have to pick a heroine,
i have 3 more if you want them, i have to pick a heroine, and do these assignments, let me know, and let me know what its worth, when this one is done, i will send you the other two, and pay seperatel… read more