MAT 540 Week 1 Quiz 1
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Description
Quiz
1
Question 1
0 out of 2 points
Which of the following is incorrect with respect to the use of models in decision making?
Answer
Selected Answer:
they are generally easy to use
Correct Answer:
they promote subjectivity in decision making
Question 2
2 out of 2 points
The probabilities of mutually exclusive events sum to zero.
Answer
Selected Answer:
False
Correct Answer:
False
Question 3
0 out of 2 points
The term decision analysis refers to testing how a problem solution reacts to changes in one or more of the model parameters.
Answer
Selected Answer:
True
Correct Answer:
False
Question 4
2 out of 2 points
Variable costs are independent of volume and remain constant.
Answer
Selected Answer:
False
Correct...
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Published On:
05/15/2015
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