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##### Strayer MAT 540 Quiz 1

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Question;Quiz 1? Question 1 Which of the following is incorrect with respect to the use of models in decision making? ? Question 2 The probabilities of mutually exclusive events sum to zero.? Question 3 The term decision analysis refers to testing how a problem solution reacts to changes in one or more of the model parameters. ? Question 4 Variable costs are independent of volume and remain constant. ? Question 5 A frequency distribution is an organization of numerical data about the events in an experiment. ? Question 6 Objective probabilities that can be stated prior to the occurrence of an event are ? Question 7 A set of events is collectively exhaustive when it includes _______ the events that can occur in an experiment. ? Question 8 Which of the following is not an alternative name for management science? ? Question 9 Which of the following is an equation or an inequality that expresses a resource restriction in a mathematical model? ? Question 10 ____________ techniques include uncertainty and assume that there can be more than one model solution. ? Question 11 A ___________ probability is the probability that two or more events that are not mutually exclusive can occur simultaneously. ? Question 12 Total cost equal the fixed cost plus the variable cost per unit divided by volume. ? Question 13 Profit is the difference between total revenue and total cost. ? Question 14 The events in an experiment are mutually exclusive if only one can occur at a time. ? Question 15 In a given experiment, the probabilities of all mutually exclusive events sum to one. ? Question 16 An experiment is an activity that results in one of several possible outcomes. ? Question 17 Fixed costs depend on the number of items produced. Question 18 The steps of the scientific method are: ? Question 19 A model is a functional relationship and include: Question 20 In a given experiment the probabilities of mutually exclusive events sum to

Paper#60829 | Written in 18-Jul-2015

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