BSOP 209 Week 2 Quiz;1. Question: (TCO 1) For a moving average forecast to be of any use to us, what assumption must be true?;2. Question: (TCOs 3 and 4) In a regression equation, what is y hat?;3. Question: (TCOs 1 and 2) Given the following data, calculate the two-year moving averages for years 5 through 10.;4. Question: (TCOs 3, 4 and 5) While conducting an accounting audit of their finished goods inventory, Farmer's Market clerks were able to construct the following data one of their nonseasonal baskets.;(a) Use trend projection to estimate the relationship between time and sales (state the equation). (b) Calculate forecasts for the first four months of the next year;BSOP 209 Week 4 Quiz;1. Question: (TCO 6) What is the first step in solving a break-even analysis using a graphic approach?;2. Question: (TCO 7) Define NPV.;3. Question: (TCO 9) What limits the use of a graphical solution to LP?;4. Question: (TCO 8) What are the three parts of a wait-line system?;5. Question: (TCO 8) In reference to queuing, what is a limited or finite population?;6. Question: (TCO 8) What does FIFO mean?;7. Question: (TCO 8) Describe or define a negative exponential-probability distribution.;8. Question: (TCO 8) Which waiting-line model has a dependent relationship between the length of the queue and the arrival rate?;9. Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn $300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest rate of 6%?;BSOP 209 Week 6 Quiz;1. Question: (TCO 14) Briefly discuss the decision methods used when there is complete uncertainty as to which state in a decision environment may occur. (Points: 10);2. Question: (TCOs 10,11 and 12) Chad's Pottery Barn has enough clay to make 24 small vases or 6 large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or 8 of the large vases. Let X1 = the number of small vases and X2 = the number of large vases.;The smaller vases sell for $3 each, and the larger vases would bring $9 each.;3. Question: (TCO 13, 14) XYZ coating company has reviewed four new processes for improving their coating line. The four processes, labeled A, B, C, and D use different technology and have different capacities. All the processes have the same level of production and the lifetime.
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