mat 540,str mat 540,mat 540 entire course new Flashcards
STRAYER MAT 540 Final Exam (24 Sets) NEW
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This Tutorial contains 20 Sets of Final Exam (800 Questions/Answers)
STRAYER MAT 540 Final Exam (24 Sets) NEW
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STRAYER MAT 540 Midterm Exam (5 Sets) NEW
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Question 1 Deterministic techniques assume that no uncertainty exists in model parameters.
Question 2 A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously.
Question 3 A continuous random variable may assume only integer values within a given interval.
Question 4 A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.
Question 5 Simulation results will always equal analytical results if 30 trials of the simulation have been conducted.
Question 6 Excel can only be used to simulate systems that can be represented by continuous random variables.
Question 7 Data cannot exhibit both trend and cyclical patterns.
Question 8 The Delphi develops a consensus forecast about what will occur in the future.
STRAYER MAT 540 Midterm Exam (5 Sets) NEW
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STRAYER MAT 540 Week 1 Discussion Class Introductions NEW
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“Class Introductions” Please respond to the following:
• Please introduce yourself, including your educational and career goals, as well as some personal information about yourself. In your introduction, please draw from your own experience (or use a search engine) to give an example of how probability is used in your chosen profession. If you get your information from an online or other resource, be sure to cite the source of the information
STRAYER MAT 540 Week 1 Discussion Class Introductions NEW
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STRAYER MAT 540 Week 1 Homework Chapter 1 and Chapter 11 NEW
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1. The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is$65,000. The variable cost of recapping a tire is $7.5. The company charges$25 to recap a tire.
a. For an annual volume of 15, 000 tire, determine the total cost, total revenue, and profit.
b. Determine the annual break-even volume for the Retread Tire Company operation.
2. Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $25,000,and its variable cost per pound of fertilizer is $0.20. Evergreen sells the fertilizer for $0.45 perpound. Determine the monthly break-even volume for the company.
3. If Evergreen Fertilizer Company in problem 2 changes the price of its fertilizer from $0.45 perpound to $0.55 per pound, what effect will the change have on the break-even volume?4. If Evergreen Fertilizer Company increases its advertising expenditure by $10,000 per year, whateffect will the increase have on the break-even volume computed in problem 2?5. Annie McCoy, a student at Tech, plans to open a hot dog stand inside Tech’s football stadiumduring home games. There are 6 home games scheduled for the upcoming season. She must pay
STRAYER MAT 540 Week 1 Homework Chapter 1 and Chapter 11 NEW
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STRAYER MAT 540 Week 1-10 All Homework NEW
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MAT 540 Week 1 Homework Chapter 1 and Chapter 11
MAT 540 Week 2 Homework Chapter 12
MAT 540 Week 3 Homework Chapter 14
MAT 540 Week 4 Homework Chapter 15
MAT 540 Week 6 Homework Chapter 2
MAT 540 Week 7 Homework Chapter 3
MAT 540 Week 8 Homework Chapter 4
MAT 540 Week 9 Homework Chapter 5
MAT 540 Week 10 Homework Chapter 6
STRAYER MAT 540 Week 1-10 All Homework NEW
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STRAYER MAT 540 Week 1-11 All Discussion Question NEW
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MAT 540 Week 1 Discussion Class Introductions
MAT 540 Week 2 Discussion Expected value of perfect information
MAT 540 Week 3 Discussion Simulation
MAT 540 Week 4 Discussion Forecasting Methods
MAT 540 Week 5 Discussion Reflection
MAT 540 Week 6 Discussion LP Models
MAT 540 Week 7 Discussion sensitivity analysis
MAT 540 Week 8 Discussion Practice setting up linear programming models for business applications
MAT 540 Week 9 Discussion Application of Integer Programming
MAT 540 Week 10 Discussion Transshipment problems
STRAYER MAT 540 Week 1-11 All Discussion Question NEW
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STRAYER MAT 540 Week 1-11 All Homework, DQs, Midterm (5 Set) , Final Exam (20 Set) NEW
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MAT 540 Midterm Exam (5 Sets)
MAT 540 Final Exam (20 Sets)
MAT 540 Week 1 Homework Chapter 1 and Chapter 11
MAT 540 Week 2 Homework Chapter 12
MAT 540 Week 3 Homework Chapter 14
MAT 540 Week 4 Homework Chapter 15
MAT 540 Week 6 Homework Chapter 2
MAT 540 Week 7 Homework Chapter 3
MAT 540 Week 8 Homework Chapter 4
MAT 540 Week 9 Homework Chapter 5
MAT 540 Week 10 Homework Chapter 6
MAT 540 Week 1 Discussion Class Introductions
STRAYER MAT 540 Week 1-11 All Homework, DQs, Midterm (5 Set) , Final Exam (20 Set) NEW
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STRAYER MAT 540 Week 2 Discussion Expected value of perfect information NEW
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In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
STRAYER MAT 540 Week 2 Discussion Expected value of perfect information NEW
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STRAYER MAT 540 Week 2 Homework Chapter 12 NEW
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For more classes visit http://www.assignmentclick.com Week 2 Homework Chapter 12 1. A local real estate investor in Orlando is considering three alternative investments; a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: Determine the best investment, using the following decision criteria. a. Maximax b. Maximin c. Minimax regret
STRAYER MAT 540 Week 2 Homework Chapter 12 NEW
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STRAYER MAT 540 Week 2 Quiz 1 Set 2 QUESTIONS NEW
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Question 1 Probabilistic techniques assume that no uncertainty exists in model parameters.
Question 2 Fixed cost is the difference between total cost and total variable cost.
Question 3 If variable costs increase, but price and fixed costs are held constant, the break even point will decrease.
Question 4 Parameters are known, constant values that are usually coefficients of variables in equations.
Question 5 If events A and B are independent, then P(A|B) = P(B|A).
Question 6 A continuous random variable may assume only integer values within a given interval.
Question 7 The events in an experiment are mutually exclusive if only one can occur at a time.
Question 8 If fixed costs increase, but variable cost and price remain the same, the break even point
Question 9 If the price increases but fixed and variable costs do not change, the break even point
Question 10 The indicator that results in total revenues being equal to total cost is called the
Question 11 A model is a functional relationship that includes:
Question 12 In a binomial distribution, for each of n trials, the event
STRAYER MAT 540 Week 2 Quiz 1 Set 2 QUESTIONS NEW
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STRAYER MAT 540 Week 2 Quiz 1 Set 1 QUESTIONS NEW
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Question 1: Parameters are known, constant values that are usually coefficients of variables in equations.
Question 2: If variable costs increase, but price and fixed costs are held constant, the break even point will decrease.
Question 3: Probabilistic techniques assume that no uncertainty exists in model parameters.
Question 4: Fixed cost is the difference between total cost and total variable cost.
Question 5: A binomial probability distribution indicates the probability of r successes in n trials.
Question 6: The events in an experiment are mutually exclusive if only one can occur at a time.
Question 7: If events A and B are independent, then P(A|B) = P(B|A).
Question 8: If fixed costs increase, but variable cost and price remain the same, the break even point
Question 9: If the price increases but fixed and variable costs do not change, the break even point
Question 10: A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed cost is $4200 per month and the revenue they receive from
STRAYER MAT 540 Week 2 Quiz 1 Set 1 QUESTIONS NEW
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STRAYER MAT 540 Week 2 Quiz 1 Set 3 QUESTIONS NEW
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Question 1 Parameters are known, constant values that are usually coefficients of variables in equations.
Question 2 In general, an increase in price increases the break even point if all costs are held constant.
Question 3 If variable costs increase, but price and fixed costs are held constant, the break even point will decrease.
Question 4 Probabilistic techniques assume that no uncertainty exists in model parameters.
Question 5 If events A and B are independent, then P(A|B) = P(B|A).
Question 6 The events in an experiment are mutually exclusive if only one can occur at a time.
Question 7 A binomial probability distribution indicates the probability of r successes in n trials.
Question 8 A model is a functional relationship that includes:
Question 9 If the price increases but fixed and variable costs do not change, the break even point
Question 10 If fixed costs increase, but variable cost and price remain the same, the break even point
Question 11 A bed and breakfast breaks even every month if they book 30 rooms over the course of a month. Their fixed
STRAYER MAT 540 Week 2 Quiz 1 Set 3 QUESTIONS NEW
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STRAYER MAT 540 Week 3 Discussion Simulation NEW
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Select one (1) of the following topics for your primary discussion posting:
Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why.
Identify resources that can help you with that. Explain how simulation is used in the real world.
Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
STRAYER MAT 540 Week 3 Discussion Simulation NEW
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STRAYER MAT 540 Week 3 Homework Chapter 14 NEW
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1. The Hoylake Rescue Squad receives an emergency call every 1, 2, 3, 4, 5, or 6 hours, according to
the following probability distribution. The squad is on duty 24 hours per day, 7 days per week:
Time Between
a. Simulate the emergency calls for 3 days (note that this will require a “running” , or cumulative,
hourly clock), using the random number table.
b. Compute the average time between calls and compare this value with the expected value of the
time between calls from the probability distribution. Why are the result different?
- The time between arrivals of cars at the Petroco Services Station is defined by the following
probability distribution:
Time Between
a. Simulate the arrival of cars at the service station for 20 arrivals and compute the average time
between arrivals.
b. Simulate the arrival of cars at the service station for 1 hour,
STRAYER MAT 540 Week 3 Homework Chapter 14 NEW
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STRAYER MAT 540 Week 3 Quiz 2 Set 1 QUESTIONS NEW
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Question 1 If two events are not mutually exclusive, then P(A or B) = P(A) + P(B)
Question 2 Probability trees are used only to compute conditional probabilities.
Question 3 Seventy two percent of all observations fall within 1 standard deviation of the mean if the data is normally distributed.
Question 4 Both maximin and minimin criteria are optimistic.
Question 5 The equal likelihood criterion assigns a probability of 0.5 to each state of nature, regardless of how many states of nature there are.
Question 6 The Hurwicz criterion is a compromise between the minimax and minimin criteria.
Question 7 Using the minimax regret criterion, we first construct a table of regrets. Subsequently, for each possible decision, we look across the states of nature and make a note of the maximum regret possible for that decision. We then pick the decision with the largest maximum regret.
Question 8 Assume that it takes a college student an average of 5 minutes to find a parking spot in the main parking lot. Assume also that this time is normally distributed with a
STRAYER MAT 540 Week 3 Quiz 2 Set 1 QUESTIONS NEW
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