- Studienführer, Klassennotizen & Zusammenfassungen

MSIS 3223 EXAM 2 CONTENT QUESTIONS AND ANSWERS /.Conditional probability is the probability of occurrence of one event 'A' given that another event 'B' is known to be true or already occurred. - Answer-True /.Which of the following is true of normal distributions? - Answer-The mean, median, and mode are all equal. /.Probability is the likelihood that an outcome occurs. - Answer-True /.The union of two events contains all outcomes that belong to either of the two events....

MSIS 3223 FINAL EXAM (CH. 11, 13, 14) QUESTIONS AND ANSWERS /. False - Answer-In predictive modeling, verification refers to how well a model represents reality (T/F). /.True - Answer-Requirements involve the specifications of minimum levels of performance (T/F). /.False - Answer-To find the guaranteed optimal integer solution, Integer Tolerance must be set to 1 (T/F). /.125,000 - Answer-Use the following information to answer the question(s) below. Cerebro Manufacturing produces...

MSIS 3223 FINAL EXAM REVIEW (JASON MORGAN OKSTATE) QUESTIONS AND ANSWERS Constraints in an Optimization Model •Constraints are limitations, requirements, or other restrictions that are imposed on any solution, either from practical or technological considerations or by management policy. variable cost unit variable cost*quntity produced total cost fixed cost+variable cost*quantity produced demand demand has an influence on profit by predicting how many...

MSIS 3223 Final Exam Review OKST (Nord) Questions With Correct Answers / Variable cost = ? - Answer-Unit Variable Cost * Quantity Produced /.Total Cost = - Answer-Fixed Cost + Variable Cost* Quantity Produced Also written as C=F+VQ /.Logic suggests that variable cost is the unit variable cost times the quantity of item produced. Thus a ____________ would be - Answer-descriptive model /._______has an influence on profit by predicting how many units of a product will be sold._____...

MSIS 3223 EXAM 1 QUESTIONS AND ANSWERS /. Common Mathematical Operators - Answer-Addition + Subtraction - Multiplication * Division / Exponential - ^ /.Relative Addressing - Answer-Using just the row/column label in cell references Example: A2, C5, D10 /.Absolute Addressing - Answer-Using a $ before either the row, column, or both. This makes it to where it does not change when copied or filed. Use this to keep a row or column constant. Example: $A$2, $C5, D$10 /.Using ...

MSIS 3223 TEST 2 WITH CORRECT ANSWERS (GRADED A) /. Which of the following would 10 raised to the power of 2 x 5 raised to the power of 3/100 -73 be represented in excel? a. 10(2) * 5(3) / 100 ^ 73 b. 10^2 * 5^3/100 -73 c. 10*2 ^ 5*3/100 -73 d. 10(2) ^ 5(3) / 100 -73 - Answer-B. 10^2 * 5^3/100-73 /.Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in Excel? a. A relative address uses just rows and column label in ...

MSIS 3223 Final Exam Review: Oklahoma State University - Dr. Ali Bagheri What does RAND() return? A random number between 0 and 1 In the context of simulation, random numbers are numbers that are ________ ________ between 0 and 1. uniformly distributed Triangular distribution is often used when one can... reasonably estimate minimum, maximum, and most likely based on managerial knowledge and judgement. ________ ________ are used in the absence of data and dep...

MSIS-3223 EXAM 2 (OKSTATE) QUESTIONS AND ANSWERS | CERTIFIED /. What are the three perspectives of probability? - Answer-Classical, relative frequency, subjective /.What is a random variable? - Answer-Numerical description of experiment outcome /.What is the difference between a discrete and continuous random variable? - Answer-Discrete: countable outcomes, continuous: outcomes over intervals /.What is the expected value of a random variable? - Answer-Corresponds to mean or average...

MSIS-3223 EXAM 2 (OKSTATE) QUESTIONS AND ANSWERS /. Probabilities are expressed - Answer-as values between 0 and 1 /.classical definition of probability - Answer-If the process that generates the outcome is known, and can be deduced from theoretical arguments; /.relative frequency definition - Answer-based on empirical data /.relative frequency definition - Answer-probability that an outcome will occur is simply the relative frequency associated with that outcome. /.subjective...

MSIS-3223 EXAM 2 (OKSTATE) QUESTIONS AND ANSWERS