BUS461 Week 1 Quiz

BUS461 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.