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Mat 540 Quiz 1
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Mat 540 Quiz 1 Mat540 Quiz 1
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Mat 540 Quiz 1Question 1
2 out of 2 points
Parameters are known, constant values that are usually coefficients of variables in equations.
Answer
Selected Answer: True
Correct Answer: True
Question 2
2 out of 2 points
If variable costs increase, but price and fixed costs are held constant, the break even point will
decrease.
Answer
Selected Answer: False
Correct Answer: False
Question 3
2 out of 2 points
Probabilistic techniques assume that no uncertainty exists in model parameters.
Answer
Selected Answer: False
Correct Answer: False
Question 4
2 out of 2 points
This study source was downloaded by 100000840946462 from CourseHero.com on 02-15-2022 12:23:33 GMT -06:00
https://www.coursehero.com/file/12746030/Mat-540-Quiz-1/
, In general, an increase in price increases the break even point if all costs are held constant.
Answer
Selected Answer: False
Correct Answer: False
Question 5
2 out of 2 points
The events in an experiment are mutually exclusive if only one can occur at a time.
Answer
Selected Answer: True
Correct Answer: True
Question 6
2 out of 2 points
P(A | B) is the probability of event A, if we already know that event B has occurred.
Answer
Selected Answer: True
Correct Answer: True
Question 7
2 out of 2 points
A binomial probability distribution indicates the probability of r successes in n trials.
Answer
Selected Answer: True
This study source was downloaded by 100000840946462 from CourseHero.com on 02-15-2022 12:23:33 GMT -06:00
https://www.coursehero.com/file/12746030/Mat-540-Quiz-1/
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