BUS 461 WEEK 1 QUIZ

BUS 461 WEEK 1 QUIZ
1	Question 	In management science problems algorithms are

	  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. 



 	


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

	  Descriptive Statistics. 

 		 	  Regression. 

 			  Exponential Smoothing. 

 			  ANOVA.

 

 



 	



 3.	Question :	Variable constraints may not include:

 		  non-negativity constraints. 

 			  boundary (upper or lower) constraints. 

 			  integer constraints. 

 		 	  resource constraints. 



 	


 4.	Question :	Constrained mathematical models do not contain:

 		  functional constraints. 

 			  non-negativity requirements. 

 		 	  management preferences. 

 			  boundary restrictions. 



 	



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

	  Andrey A. Markov 

 			  E. K. Erlang 

 		 	  Jon von Neuman 

 			  Karmarkar 



 	



 6.	Question :	Management science applications do not include:

	  simulation. 

 			  queuing. 

 			  decision analysis. 

 		 	  internet programming. 



 	

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

 		  True 
 		 	  False 

				




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

				

 	

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

 	 	  True 

 			  False 





 10.	Question :	Decision variable definition need not include:

 		  specific units of measure. 

 			  the time frame involved. 

 		 	  variable names. 

 		 	  integer requirements, if any.