FinalReviewS13

# What is the expected value at node 4 a 4750 b 4375 c

This preview shows pages 6–10. Sign up to view the full content.

13. What is the expected value at node 4? A. 47.50 B. 43.75 C. 70.00 D. 45.00 E. 71.25 14. What is the expected value of perfect information? 15. What is the expected value at node 2? 16. What is the best decision strategy for the manager? 17. What is the expected value of sample information? A. 45.00 B. 71.25 C. 49.50 D. 1.25 E. 4.50 6

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
18. A statistician working for a car manufacturer developed a statistical model for predicting delivery time (the number of days between ordering a car and actual delivery) of a particular model for which there is a range of factory-fitted options. Use the output below to forecast the difference in delivery times for cars with 6 options and 9 options, rounded to two decimal places. SUMMARY OUTPUT Regression Statistics Multiple R 0.92 R Square 0.85 Adjusted R Square 0.83 Standard Error 4.38 Observations 10 Analysis of Variance df SS Regression 1 890.19 Residual 8 153.41 Total 9 1043.59 Coefficients Standard Error Intercept 29.73 2.99 Factory-Fitted Options 3.28 0.48 7
19. Given the table below what is the MAD and the MSE? Period Actual Forecast 1 95 100 2 108 110 3 123 120 4 130 130 MAD = ___________________ MSE = ___________________________ 20. The Acme Computer Company has recorded sales of one of its products for a six-week period: Using the three-week simple moving-average method, forecast sales for week 7. 21. Shown below are data that reflect the number of daily traffic accidents at a dangerous city intersection. The regression equation is: number of accidents = 5.3 + 0.5 t What is the forecasted number of accidents for day 6? Day (t) number of accidents 1 5 2 7 3 8 4 6 5 8 8

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
22. The following table contains the number of consumer complaints received in a Publix supermarket in Florida. Use exponential smoothing with a constant of α = 0.33 to forecast the number of complaints in March, round to the nearest whole number of complaints. Month Number of Complaints January 36 February 45 March 81 April 90 May 108 June 144 A. 39 B. 42 C. 45 D. 53 E. 64 For the next 3 questions, consider the following summary output from Microsoft Excel for a simple regression of Halliburton (ticker symbol HAL) weekly stock prices on the S&P500 stock index, for the period January 2004 through August 2006. SUMMARY OUTPUT Regression Statistics Multiple R 0.93 R Square 0.87 Adjusted R Square 0.86 Standard Error 3.20 Observations 140 ANOVA Df SS MS F Significanc e F Regression 1 9067.88 9067.8 9 884.90 6.84E-62 Residual 138 1414.13 10.24 Total 139 10482.0 Coefficient s Standard Error t Stat P-value Lower 95% Upper 95% Intercept -121.65 4.914 -24.74 1.37E- 52 -131.37 -111.93 S&P500 Index 0.122 0.004 29.75 6.84E- 62 0.11 0.13
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern