100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MSIS 3223 Exam 3 T/F CORRECT 100% $12.99   Add to cart

Exam (elaborations)

MSIS 3223 Exam 3 T/F CORRECT 100%

 0 view  0 purchase
  • Course
  • MSIS 3223
  • Institution
  • MSIS 3223

In predictive modeling, verification refers to how well a model represents reality. - ANSWERFalse Requirements involve the specifications of minimum levels of performance. - ANSWERTrue In the context of simulation, random numbers are numbers that are uniformly distributed between 0 and 9. - A...

[Show more]

Preview 1 out of 3  pages

  • November 2, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • msis 3223 stuvia 2024
  • MSIS 3223
  • MSIS 3223
avatar-seller
papersbyjol
MSIS 3223 Exam 3 T/F CORRECT 100%
In predictive modeling, verification refers to how well a model represents reality. - ANSWERFalse



Requirements involve the specifications of minimum levels of performance. - ANSWERTrue



In the context of simulation, random numbers are numbers that are uniformly distributed between 0
and 9. - ANSWERFalse



A value randomly generated from a specified probability distribution is called a random variate. -
ANSWERTrue



As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the
more precise the results. - ANSWERTrue



Problem statements such as production must be sufficient to meet promised customer orders would
be categorized as a requirement constraint. - ANSWERTrue



Uniform or triangular distributions are used in the absence of data. - ANSWERTrue



Risk analysis seeks to examine the impact of uncertain inputs on various outputs. - ANSWERTrue




A constraint function is a function of the decision variables in the problem - ANSWERTrue



A binding constraint is one for which the Cell Value is greater than the right-hand side of the value of
the constraint - ANSWERFalse



Any solution that satisfies all constraints of a problem is called a feasible solution - ANSWERTrue



There are 3 types of optimisation models: linear, integer, and nonlinear - ANSWERTrue

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller papersbyjol. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82191 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart