Mathematics > TEST BANKS > Test Bank: MAT 540 quantitative methods Questions And Answers (All)

Test Bank: MAT 540 quantitative methods Questions And Answers

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 Question 1 5 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: Fals e Correct Answer: Fals e  Question 2 5 out of 5 points Adjusted exponential smoothing is an exponential smoothing forecast adjusted for seasonality. Answer Selected Answer: Fals e Correct Answer: Fals e  Question 3 5 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: Fals e Correct Answer: Fals e  Question 4 5 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: Fals e Correct Answer: Fals e  Question 5 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: Tru e Correct Answer: Tru e  Question 6 5 out of 5 points Excel can be used to simulate systems that can be represented by both discrete and continuous random variables. Answer Selected Answer: Tru e Correct Answer: Tru e  Question 7 5 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. [Show More]

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