MAT540 Week 11 Final Exam 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. The conservative (maximin) strategy is: Answer Selected Answer: Leas e Correct Answer: Leas e  Question 8 5 out of 5 points Events that cannot occur at the same time in any trial of an experiment are: Answer Selected Answer: mutually exclusive Correct Answer: mutually exclusive  Question [Show More]

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