BSOP 209

Question: (TCO 1) For a moving average forecast to be of any use to us, what assumption must be true? Question: (TCOs 3 and 4) In a regression equation, what is y hat? Question: (TCOs 1 and 2) Gi ven the following data, calculate the two-year moving averages for years 5 through 10. Question: (TCOs 3, 4 and 5) While conducting an accounting audit of their finished goods inventory, Farmer’s Market clerks were able to construct the following data one of their nonseasonal baskets. (a) Use trend pr...

BSOP 209 Week 4 Quiz Question: (TCO 6) What is the first step in solving a break-even analysis using a graphic approach? Question: (TCO 7) Define NPV. Question: (TCO 9) What limits the use of a gra phical solution to LP? Question: (TCO 8) What are the three parts of a wait-line system? Question: (TCO 8) In reference to queuing, what is a limited or finite population? Question: (TCO 8) What does FIFO mean? Question: (TCO 8) Describe or define a negative exponential-probability distribution. Quest...

BSOP 209 Week 6 Quiz Question: (TCO 14) Briefly discuss the decision methods used when there is complete uncertainty as to which state in a decision environment may occur. Question: (TCOs 10,11 and 12) Chad’s Pottery Barn has enough clay to make 24 small vases or 6 large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or 8 of the large vases. Let X1 = the number of small vases and X2 = the number of large vases. The smaller vases sell for $3 each, and the...

BSOP 209 Week 8 Final Exam (TCO 8) What are the three parts of a wait-line system? (TCO 9) What is the objective function of LP? (TCO 11 & 12) What are two of the steps in a simplex maximization pr oblem? (TCO 10) What will happen if the right-hand side of a constraint is changed? (TCO 15 & 16) What are three of the basic steps that both PERT and CPM follow? (TCO 16) What is a “dummy activity?” (TCO 3, 4, & 5) What is the formula for linear regression? Define each part. (TCO 1) What are the ...