This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis is an unformatted preview. Sign up to view the full document.
View Full DocumentIntroduction to Management Science, 10e (Taylor) Chapter 11 Probability and Statistics 1) Deterministic techniques assume that no uncertainty exists in model parameters. Answer: TRUE Diff: 1 Page Ref: 489 Main Heading: Types of Probability Key words: deterministic techniques 2) Probabilistic techniques assume that no uncertainty exists in model parameters. Answer: FALSE Diff: 1 Page Ref: 489 Main Heading: Types of Probability Key words: probabilistic techniques 3) Objective probabilities that can be stated prior to the occurrence of an event are classical or a priori. Answer: TRUE Diff: 2 Page Ref: 489 Main Heading: Types of Probability Key words: objective probabilities, classical probabilities 4) Objective probabilities that are stated after the outcomes of an event have been observed are relative frequencies. Answer: TRUE Diff: 2 Page Ref: 489 Main Heading: Types of Probability Key words: relative frequencies 5) Relative frequency is the more widely used definition of objective probability. Answer: TRUE Diff: 1 Page Ref: 490 Main Heading: Types of Probability Key words: relative frequencies 6) Subjective probability is an estimate based on personal belief, experience, or knowledge of a situation. Answer: TRUE Diff: 2 Page Ref: 490 Main Heading: Types of Probability Key words: subjective probability 1 Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall 7) An experiment is an activity that results in one of several possible outcomes. Answer: TRUE Diff: 1 Page Ref: 491 Main Heading: Fundamentals of Probability Key words: experiment 8) The events in an experiment are mutually exclusive if only one can occur at a time. Answer: TRUE Diff: 1 Page Ref: 491 Main Heading: Fundamentals of Probability Key words: mutually exclusive events 9) In a given experiment, the probabilities of all mutually exclusive events sum to one. Answer: TRUE Diff: 1 Page Ref: 491 Main Heading: Fundamentals of Probability Key words: mutually exclusive events, rules of probability 10) A set of events is collectively exhaustive when it includes all the events that can occur in an experiment. Answer: TRUE Diff: 2 Page Ref: 492 Main Heading: Fundamentals of Probability Key words: collectively exhaustive events 11) A marginal probability is the probability of a single event occurring. Answer: TRUE Diff: 1 Page Ref: 492 Main Heading: Fundamentals of Probability Key words: marginal probability 12) A Venn diagram visually displays mutually exclusive and non-mutually exclusive events. Answer: TRUE Diff: 2 Page Ref: 492 Main Heading: Fundamentals of Probability Key words: Venn diagram 13) A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. ... View Full Document
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Documenttaylor_mgmt-science10_tif_12
Quiz chpt 2
Math Quiz Week 9
taylor_mgmt-science10_tif_15
Math Quiz Week 10
MAT 540 Week 10 Assignment 4 Case Problem - Stateline Shipping and Transport Company
taylor_mgmt-science10_tif_11 (1)
Chapter 4 Solutions
Introduction to Management Science, 10e (Taylor) Chapter 2
Chapter 1
Chapter 3 Solutions
Chapter 11 Test Questions and Answers
Copyright © 2015. Course Hero, Inc.
Course Hero is not sponsored or endorsed by any college or university.