Mat 540

MAT 540 Midterm Exam Week 6 take away HERE   1. __________ is a technique for selecting be randomly from a probability distribution. Monte Carlo 2. Monte Carlo is a technique for selecting number randomly from a probability distribution. rightful(a)/ imitative 3. one-dimensional mask replaces a physical ashes with an analogous physical establishment that is _____________ to manipulate. easier 4. Variable costs are independent of volume and bear on constant.   TRUE/ untrue 5. Regret is the difference between the government issue from the crush determination and all other decision payoffs.   TRUE/FALSE 6. The maximin criterion results in the   uttermost of the borderline payoffs 7. A payoff send back is a means of organizing a decision situation, including the payoffs from different decisions devoted the various states of nature.   TRUE/FALSE 8. In a weighted go average, weights are delegate to most __________ data. Recent 9. The maximin criterion results in the maximum of the minimum payoffs.   TRUE/FALSE 10. A state of nature is an confessedly showcase that may occur in the future.    TRUE/FALSE 11. Which of the spare-time activity is not an alternative name for management apprehension? decision support system 12. A _________ period of substantive time is represented by a __________ period of untrue time.

long  / short 13. computer simulation results will not equal analytical results unless ___________ trials of the simulation claim been conducted to reach cool it state. enough 14.The minimax regret criterion minimizes the maximum regret ! 15. tar get in area probabilities that fag be stated prior to the occurrence of an event are pure or a priori 16. Which of the following is ill-judged with respect to the function of models in decision making? they stir subjectivity in decision making 17. The steps of the scientific method are: observation, difficulty definition, model construction, model solution, implementation. 18. A seasonal pattern is an up-and-down exigent movement within...If you want to get a full essay, put in it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper