APPLIED DECISION METHODS GBA 334-Midterm-Saint Leo University-2021(2).

APPLIED DECISION METHODS GBA 334-Midterm-Saint Leo University-2021(2). APPLIED DECISION METHODS GBA 334-Midterm-Saint Leo University-2019APPLIED DECISION METHODS GBA 334-Midterm-Saint Leo University-2021Suppose that we determine the probability of a warm winter based on the number of warm winters experienced over the past 10 years. In this case, we have used: relative frequency None of the above the logical method subjective probabilityConsider a standard 52-card deck of cards. The probability of drawing either a seven or a black card is 7/13. FalseA medium-term forecast is considered to cover what length of time? 2/18/2021 : Quiz Submissions - Midterm Exam - Applied Decision Methods GBA-334-OL04 - Saint Leo University Drone IT 14 2-4 weeks 2-4 years 5-10 years 20 yearsDaily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest to most recent). What are the forecast sales for the next day using a two-day moving average? .5Which of the following is considered a causal method of forecasting? Holt's method Moving average Delphi method Exponential smoothingA production process is known to produce a particular item in such a way that five percent of these are defective. If two items are randomly selected as they come off the production line, what is the probability that the second item will be defective? None of the above 1 month to 1 year 2/18/2021 : Quiz Submissions - Midterm Exam - Applied Decision Methods GBA-334-OL04 - Saint Leo University Drone IT 0.05 The significance level for SAT indicates the slope is not equal to zero. 0.18 None of the above 0.20 0.005