Quantitative Research Techniques and Statistics Quiz

Question 1 (10 points)

A technique that allows a researcher to determine the greatest amount of material that can move through a network is called

Question 1 options:

maximal-flow.

maximal-tree.

maximal-spanning.

shortest-route.

Question 2 (10 points)

If the sale of ice cream and pizza are independent, then as ice cream sales decrease by 60 percent during the winter months, pizza sales will

Question 2 options:

be unrelated.

increase by 60 percent.

decrease by 40 percent.

increase by 40 percent.

Question 3 (10 points)

Another name for a decision table is a

Question 3 options:

payoff table.

payment table.

pay-up table.

payout table.

Question 4 (10 points)

Which of the following is a basic assumption of linear programming?

Question 4 options:

Divisibility does not exist, allowing only integer solutions.

The condition of uncertainty exists.

Proportionality exists in the objective function and constraints.

Independence exists for the activities.

Question 5 (10 points)

Enrollment in a particular class for the last four semesters has been 120, 126, 110, and 130. Suppose a one-semester moving average was used to forecast enrollment (this is sometimes referred to as a naïve forecast). Thus, the forecast for the second semester would be 120, for the third semester it would be 126, and for the last semester it would be 110. What would the MSE be for this situation?

Question 5 options:

42.00

196.00

100.00

230.67

Question 6 (10 points)

The three decision-making environments are decision making under

Question 6 options:

utility, risk, and certainty.

risk, certainty, and uncertainty.

utility, risk, and uncertainty.

utility, certainty, and uncertainty.

Question 7 (10 points)

The following is a payoff table giving profits for various situations.

If a person were to use the expected monetary value criterion, what decision would be made?

Question 7 options:

Alternative 1

Alternative 2

Alternative 3

Alternative 4

Question 8 (10 points)

The break-even point of a simple profit model represents a(n)

Question 8 options:

uncontrollable variable

constant

decision variable

parameter

Question 9 (10 points)

Consider the following payoff table.

How much should be paid for a perfect forecast of the state of nature?

Question 9 options:

100

30

10

170

Question 10 (10 points)

Given the following distances between destination nodes, what is the minimum distance that connects all the nodes?

Question 10 options:

900

750

850

100

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