MAT 540 Midterm Exam Week 6 transfer HERE Â 1. __________ is a technique for selecting be randomly from a probability distribution. Monte Carlo 2. Monte Carlo is a technique for selecting add up randomly from a probability distribution. on-key/ chimerical 3. one-dimensional mask replaces a physical ashes with an analogous physical brass that is _____________ to manipulate. easier 4. Variable costs are independent of volume and assert constant. Â Â TRUE/ sour 5. Regret is the difference between the return key from the crush determination and all other decision payoffs. Â Â TRUE/FALSE 6. The maximin criterion results in the Â uttermost of the lower limit 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. Â Â TRUE/FALSE 8. In a weighted go average, weights are charge to most __________ data. Recent 9. The maximin criterion results in the maximum of the minimum payoffs. Â Â TRUE/FALSE 10. A state of nature is an professedly fact that may occur in the future. Â Â Â TRUE/FALSE 11. Which of the spare-time activity is non an alternative name for management cognition? decision support system 12. A _________ period of significant time is represented by a __________ period of phony time.
long Â / short 13. computer simulation results will not equal analytical results unless ___________ trials of the simulation claim been conducted to reach lull state. enough 14.The minimax regret criterion minimizes the maximum regret 15. intention probabilities that fag be sta! ted prior to the occurrence of an event are pure or a priori 16. Which of the following is false with respect to the function of models in decision making? they uphold 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 raise 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