Bana 2081 exam 2 - Study guides, Class notes & Summaries

BANA 2081 Exam One Prep Questions and Answers The entities on which data are collected are: - Answer-Elements The set of measurements collected for a particular element is (are) called: - Answer-An observation In a questionnaire, respondents are asked to mark their sex as male or female. Sex is an example of the: - Answer-Nominal scale Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the: - Answer-Ordinal scale ...

BANA 2081 Exam 3 Questions with Correct Answers (1) The company identified in Chapter 12, Analytics in Action, is - Answer-General Electric The Analytics in Action example in Chapter 12 concerned - Answer-investments in production capacity Chapter 12 focuses on - Answer-Linear Optimization or modeling, is the process of translating a verbal statement of a problem into a mathematical statement. - Answer-Problem Formulation Constraints are - Answer-Restrictions that limit the set...

BANA 2081 Exam 3 Prep Questions and Answers (1) The probability distribution that can be described by just one parameter is the: - Answer- Exponential The time required to load a truck is exponentially distributed with a mean of 15 minutes. What is the probability that a truck will be loaded in 10 minutes or less?: - Answer-0.487 = From a group of 12 students, we want to select a random sample of 4 students to serve on a university committee. How many combination of random samples of 4 s...

BANA 2081 Actual Test 2 Questions and Answers All Correct (1) The time required to load a truck is exponentially distributed with a mean of 30 minutes. What is the probability that a truck will be loaded in 30 minutes or less. Enter your answer as a decimal rounded to 3 decimal places. - Answer-.632 The table below is a discrete probability distribution. x 0 1 2 3 P(x) 0.27 0.35 -0.06 0.44 - Answer-False Smaller values of the standard deviation result in a normal curve that is -...

BANA 2081 Exam One Prep Questions and Answers (1) The entities on which data are collected are: - Answer-Elements The set of measurements collected for a particular element is (are) called: - Answer-An observation In a questionnaire, respondents are asked to mark their sex as male or female. Sex is an example of the: - Answer-Nominal scale Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the: - Answer-Ordinal sc...