BUS 461 Week 1 Quiz (10/10)

1.    Question :    In management science problems, algorithms are:

Student Answer:          very complex, thus rarely used.

used in optimization but not in heuristics.

employed in heuristics as well as optimization.

substitutes for computer-based solution techniques.

Points Received:    1 of 1
Comments:

2.    Question :    Which Excel data analysis tool returns the p-value for the F-test?

Student Answer:          Descriptive Statistics.

Regression.

Exponential Smoothing.

ANOVA.

Points Received:    1 of 1
Comments:

3.    Question :    Variable constraints may not include:

Student Answer:          non-negativity constraints.

boundary (upper or lower) constraints.

integer constraints.

resource constraints.

Points Received:    1 of 1
Comments:

4.    Question :    Constrained mathematical models do not contain:

Student Answer:          functional constraints.

non-negativity requirements.

management preferences.

boundary restrictions.

Points Received:    1 of 1
Comments:

5.    Question :    Which name is most commonly associated with Game Theory?

Student Answer:          Andrey A. Markov

E. K. Erlang

Jon von Neuman

Karmarkar

Points Received:    1 of 1
Comments:

6.    Question :    Management science applications do not include:

Student Answer:          simulation.

queuing.

decision analysis.

internet programming.

Points Received:    1 of 1
Comments:

7.    Question :    Once a mathematical model is complete, you cannot change the problem definition.

Student Answer:           True
False

Points Received:    1 of 1
Comments:

8.    Question :    The management science team should make certain that management
is sure of its objective before developing and solving a model.

Student Answer:            True
False

Points Received:    1 of 1
Comments:

9.    Question :    Mathematical modeling is a process that translates observed or desired phenomena into mathematical expression.

Student Answer:

True

False

Points Received:    1 of 1
Comments:

10.    Question :    Decision variable definition need not include:

Student Answer:

specific units of measure.

the time frame involved.

variable names.

integer requirements, if any.

Points Received:    1 of 1