Quantitative Methods & Decision Analysis

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QUANTITATIVE METHODS & DECISION ANALYSIS
COMPREHENSIVE EXAM 2026-27 LATEST UPDATED VERSION


1. Model Type
Question 1 point
Which of the following is characteristic of a symbolic model?


1) physical


2) abstract


3) Not an approximation


4) none of the above


2. Profit Formula
Question 2 point

Which of the following statements is correct?


1) The sum of revenue and profit will give total costs

,2


2) The sum of revenue and total costs will give Profit


3) The difference between profit and total costs will give revenue


4) The difference between revenue and total costs will give Profit

, 3




3. Model Prob vs Deter
Question 3 point

Element of randomness exists in which type of models?


1) Symbolic Model


2) Analog Model


3) Probabilistic Model


4) Deterministic Model


4. Excel Goal Seek
Question 4 point

Where can Goal Seek feature be found in the Data tab in Excel?


1) Under Forecast sheet


2) Under What-If Analysis


3) Under Data Analysis


4) None of the above


5. Excel RAND()
Question 5 point

What's the chance will a Rand() function generate a number less than 0.60?


1) 50%


2) 40%


3) 20%


4) 60%