Determine the optimal number of B-type steel sheets produced. (Hint: Use Solver)
A) 3,000 units
B) 2,000 units
C) 500 units
D) 1,000 units
Q. 2If a business manager selected a sample of customers and computed the mean income for this sample of customers, she has computed:
A) a statistic.
B) an ordinal value.
C) a nominal value.
D) a parameter.
Q. 3A company conducted a survey of its employees to determine their level of satisfaction with various company policies. The data collected from this survey are:
A) primary data.
B) secondary data.
C) experimental data.
D) census data.
Q. 4A seafood shop sells salmon fillets where the weight of each fillet is normally distributed with a mean of 1.6 pounds and a standard deviation of 0.3 pounds. Based on this information we can conclude that 90 percent of the fillets weight more than 1.
0 pound. Indicate whether the statement is true or false
Q. 5In the simple exponential smoothing model Ft + 1 = (1 - ) Ft + At, the exponential smoothing constant is ________.
A) Ft+1
B)
C) At
D) Ft
Q. 6In Crystal Ball, the Correlation Matrix tool allows an individual to define correlations between groups of assumptions in a model.
Indicate whether the statement is true or false
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