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 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 3 (10 points)
Another name for a decision table is a
Question 4 (10 points)
Which of the following is a basic assumption of linear programming?
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 6 (10 points)
The three decision-making environments are decision making under
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 8 (10 points)
The break-even point of a simple profit model represents a(n)
Question 9 (10 points)
Consider the following payoff table.
How much should be paid for a perfect forecast of the state of nature?
Question 10 (10 points)
Given the following distances between destination nodes, what is the minimum distance that connects all the nodes?