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Notiap2018 Notiap2018
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6 years ago
What are the four basic steps involved in building linear optimization models?
 
  What will be an ideal response?

Q. 2

Which of the following probability distributions can be used to describe the distribution for a continuous random variable?
 
  A) Normal distribution
  B) Binomial distribution
  C) Poisson distribution
  D) Hypergeometric

Q. 3

Milton Inc generates annual revenue of 375,000,000 and incurs annual costs of 95,000,000. The initial investment amounts to 450,000,000. What is the company's return on investment?
 
  A) 76
  B) 43
  C) 55
  D) 62

Q. 4

For the data given above, determine the sales forecast for the year 2011.
 
  A) approximately 8,339 units
  B) approximately 9,338 units
  C) approximately 3,398 units
  D) approximately 6,453 units

Q. 5

Which of the following is not true for a normal distribution?
 
  A) The curve for a normal distribution is symmetric.
  B) One-third of the total area falls above the mean.
  C) The tails of the distribution extend to negative and positive infinity.
  D) 99 of the area lies within 3 standard deviations of the mean.
Textbook 
Statistics, Data Analysis, and Decision Modeling

Statistics, Data Analysis, and Decision Modeling


Edition: 5th
Author:
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ljcwilliams07ljcwilliams07
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6 years ago
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Notiap2018 Author
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Correct Slight Smile TY
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You make an excellent tutor!
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this is exactly what I needed
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