Question 1 5 out of 5 points Deterministic techniques...

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Question 1 5 out of 5 points Deterministic techniques assume that no uncertainty exists in model parameters.
Question 2 5 out of 5 points A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.
Question 3 5 out of 5 points
A continuous random variable may assume only integer values within a given interval.
Question 4 5 out of 5 points A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.
Question 5 5 out of 5 points Simulation results will always equal analytical results if 30 trials of the simulation have been conducted.
Selected Answer: False Correct Answer: Fals e Question 6 5 out of 5 points Excel can only be used to simulate systems that can be represented by continuous random variables.
Question 7 5 out of 5 points Data cannot exhibit both trend and cyclical patterns.
e Question 8 5 out of 5 points The Delphi develops a consensus forecast about what will occur in the future.
Question 9 5 out of 5 points In Bayesian analysis, additional information is used to alter the __________ probability of the occurrence of an event.
Question 10 5 out of 5 points __________ is a measure of dispersion of random variable values about the expected value.
Question 11 5 out of 5 points The __________ is the maximum amount a decision maker would pay for additional information.
Correct Answer: expected value of perfect information Question 12 5 out of 5 points Developing the cumulative probability distribution helps to determine
Question 13 5 out of 5 points A seed value is a(n)
Correct Answer: number used to start a stream of random numbers Question 14 5 out of 5 points Pseudorandom numbers exhibit __________ in order to be considered truly random.
Question 15 5 out of 5 points Consider the following frequency of demand:
If the simulation begins with 0.8102, the simulated value for demand would be
Question 16 5 out of 5 points

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