MAT 540 Week 11 Final Exam Bank Answers Question 1
- out of 5 points
In a 0-1 integer programming problem involving a capital budgeting application (where xj = 1, if project j is selected, xj = 0, otherwise) the constraint x1 – x2 ≤ 0 implies that if project 2 is selected, project 1 cannot be selected.
Answer
Selected Answer:
False
Correct Answer:
False
Question 2
- out of 5 points
Adjusted exponential smoothing is an exponential smoothing forecast adjusted for seasonality.Answer
Selected Answer:
False
Correct Answer:
False
Question 3
- out of 5 points
A cycle is an up and down movement in demand that repeats itself in less than 1 year.
Answer
Selected Answer:
False 1 / 4
Correct Answer:
False
Question 4
- out of 5 points
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 5
- out of 5 points
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 6
- out of 5 points
Excel can be used to simulate systems that can be represented by both discrete and continuous random variables.
Answer
- / 4
Selected Answer:
True
Correct Answer:
True
Question 7
- out of 5 points
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
- out of 5 points
Events that cannot occur at the same time in any trial of an experiment are:
Answer
Selected Answer:
mutually exclusive
- / 4
Correct Answer:
mutually exclusive
Question 9
- out of 5 points
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.
If the probability of brisk business is .40 and for slow business is .60, the
expected value of perfect information is:
Answer
Selected Answer:
12
Correct Answer:
12
Question 10
- out of 5 points
In linear programming problems, multiple optimal solutions occur Answer
Selected Answer:
when the objective function is parallel to a constraint line
- / 4