Statistics

1) The sensitivity chart conveys which of the following?

a. The relative frequency of various results cell values.

b. The increase in profit per unit increase in an uncertain variable cell.

c. It indicates how strongly various uncertain variable cells influence the results cell.

d. The mean profit.

e. None of the above.

2. Which of the following is not one of the charts or tables provided by RSPE?

a. Frequency chart.

b. Statistics table.

c. Standard error chart.

d. Cumulative frequency chart.

e. Percentiles table.

3. Which chart indicates the trend in forecast values as a particular decision variable is varied?

a. Frequency chart.

b. Trend chart.

c. Cumulative frequency chart.

d. Statistics table.

e. None of the above.

4. Which of the following is not a characteristic of the normal distribution?

a. Some value is the most likely.

b. Values closest to the mean are more likely.

c. It must be symmetric.

d. Values cannot fall below zero.

e. Extreme values are possible, but rare.