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MAT 540 Week 5 Midterm Posting 1.docx - 1. Deterministic...

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1. Deterministic techniques assume that no uncertainty exists in modelparameters.2. A continuous random variable may assume only integer values within agiven interval.3. A joint probability is the probability that two or more events that aremutually exclusive can occur simultaneously.4. A decision tree is a diagram consisting of circles decision nodes, squareprobability nodes, & branches5. Starting conditions have no impact on the validity of a simulation model.6. A table of random numbers must be normally distributed & efficientlygenerated7. Data cannot exhibit both trend & cyclical patterns.8. Qualitative methods are the least common type of forecasting method forthe long-term strategic planning process.9. Assume that it takes a college student an average of 5 minutes to find aparking spot in the main parking lot. Assume also that this time is normallydistributed with a standard deviation of 2 minutes. What time is exceeded byapproximately 75% of the college students when trying to find a parking spotin the main parking lot?10. In Bayesian analysis, additional information is used to alter the __________probability of the occurrence of an event.11. The __________ is the expected value of the regret for each decision.12. Developing the cumulative probability distribution helps to determine13. Consider the following frequency of demand: If the simulation beginswith 0.8102, the simulated value for demand would be14. A seed value is a(n)15. Random numbers generated by a __________ process instead of a__________ process are pseudorandom numbers.16. __________ is a measure of the strength of the relationship betweenindependent & dependent variables.17. Consider the following graph of sales. Which of the following

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Term
Summer
Professor
N/A
Tags
Normal Distribution, probability density function, Operations Manager, Dortix

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