Question 1

A forecast cell refers to a random input cell

Accepted Answer

A) True 
 B)False  False

Question 2

The sensitivity chart conveys which of the following?

Accepted Answer

A) The relative frequency of various forecast cell values 
B) The increase in profit per unit increase in an assumption cell 
C) It indicates how strongly various assumption cells influence the forecast cell 
D) The mean profit 
E) None of the above 
A) The relative frequency of various forecast cell values 
B) The increase in profit per unit increase in an assumption cell 
C) It indicates how strongly various assumption cells influence the forecast cell 
D) The mean profit 
E) None of the above C

Question 3

Which of the following is not a characteristic of the lognormal distribution?

Accepted Answer

A) Some value is the most likely 
B) It is negatively skewed (above the mean more likely) 
C) Values cannot fall below zero 
D) Extreme values (high end only)are possible,but rare 
E) All of the above are characteristic of the lognormal distribution 
A) Some value is the most likely 
B) It is negatively skewed (above the mean more likely) 
C) Values cannot fall below zero 
D) Extreme values (high end only)are possible,but rare 
E) All of the above are characteristic of the lognormal distribution B

Question 4

Which chart indicates the trend in forecast values as a particular decision variable is varied?

Accepted Answer

A) Frequency chart 
B) Trend chart 
C) Cumulative chart 
D) Reverse cumulative chart 
E) None of the above 
A) Frequency chart 
B) Trend chart 
C) Cumulative chart 
D) Reverse cumulative chart 
E) None of the above

Question 5

Which of the following is not a characteristic of the normal distribution?

Accepted Answer

A) Some value is the most likely 
B) Values closest to the mean are more likely 
C) It must be symmetric 
D) Values cannot fall below zero 
E) Extreme values are possible,but rare 
A) Some value is the most likely 
B) Values closest to the mean are more likely 
C) It must be symmetric 
D) Values cannot fall below zero 
E) Extreme values are possible,but rare

Question 6

Which of the following is a random input cell in Crystal Ball?

Accepted Answer

A) An assumption cell 
B) A decision variable 
C) A forecast cell 
D) An output cell 
E) None of the above 
A) An assumption cell 
B) A decision variable 
C) A forecast cell 
D) An output cell 
E) None of the above

Question 7

The sensitivity chart in Crystal Ball indicates how strongly various assumption cells influence the forecast cell

Accepted Answer

A) True 
 B)False

Question 8

The normal distribution has a fixed upper and lower bound

Accepted Answer

A) True 
 B)False

Question 9

A danger of using the normal distribution is that values can fall below zero

Accepted Answer

A) True 
 B)False

Question 10

The geometric distribution describes the number of times an event occurs in a fixed number of trials

Accepted Answer

A) True 
 B)False

Question 11

The custom distribution in Crystal Ball allows only discrete distributions to be entered

Accepted Answer

A) True 
 B)False

Question 12

The exponential distribution is widely used to describe the time between random events

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not a characteristic of the triangular distribution?

Accepted Answer

A) Some value is the most likely 
B) Values close to the most likely value are more common 
C) The most likely value is the mean 
D) It can be asymmetric 
E) It has a fixed upper and lower bound 
A) Some value is the most likely 
B) Values close to the most likely value are more common 
C) The most likely value is the mean 
D) It can be asymmetric 
E) It has a fixed upper and lower bound

Question 14

OptQuest can be used to simultaneously optimize up to how many decision variables?

Accepted Answer

A) 1 
B) 2 
C) 3 
D) 4 
E) Many decision variables can be optimized simultaneously 
A) 1 
B) 2 
C) 3 
D) 4 
E) Many decision variables can be optimized simultaneously

Question 15

The binomial distribution describes the number of times an event occurs in a fixed number of trials

Accepted Answer

A) True 
 B)False

Question 16

The Solver Table can be used by Crystal Ball to systematically investigate a set of values for a decision variable in a simulation model

Accepted Answer

A) True 
 B)False

Question 17

The cell that represents the output of a computer simulation is referred to as:

Accepted Answer

A) an assumption cell 
B) a decision variable 
C) a forecast cell 
D) a data cell 
E) None of the above 
A) an assumption cell 
B) a decision variable 
C) a forecast cell 
D) a data cell 
E) None of the above

Question 18

A trend chart shows the trend in profit values from trial to trial

Accepted Answer

A) True 
 B)False

Question 19

The distribution used for the assumption cells is one of the options to be set in the Run Preferences for Crystal Ball

Accepted Answer

A) True 
 B)False

Question 20

Which of the following distributions describes the number of trials until an event occurs n times?

Accepted Answer

A) Binomial distribution 
B) Geometric distribution 
C) Negative binomial distribution 
D) Poisson distribution 
E) None of the above 
A) Binomial distribution 
B) Geometric distribution 
C) Negative binomial distribution 
D) Poisson distribution 
E) None of the above

A forecast cell refers to a random input cell

The sensitivity chart conveys which of the following?

Which of the following is not a characteristic of the lognormal distribution?

Which chart indicates the trend in forecast values as a particular decision variable is varied?

Which of the following is not a characteristic of the normal distribution?

Which of the following is a random input cell in Crystal Ball?

The sensitivity chart in Crystal Ball indicates how strongly various assumption cells influence the forecast cell

The normal distribution has a fixed upper and lower bound

A danger of using the normal distribution is that values can fall below zero

The geometric distribution describes the number of times an event occurs in a fixed number of trials

The custom distribution in Crystal Ball allows only discrete distributions to be entered

The exponential distribution is widely used to describe the time between random events

Which of the following is not a characteristic of the triangular distribution?

OptQuest can be used to simultaneously optimize up to how many decision variables?

The binomial distribution describes the number of times an event occurs in a fixed number of trials

The Solver Table can be used by Crystal Ball to systematically investigate a set of values for a decision variable in a simulation model

The cell that represents the output of a computer simulation is referred to as:

A trend chart shows the trend in profit values from trial to trial

The distribution used for the assumption cells is one of the options to be set in the Run Preferences for Crystal Ball

Which of the following distributions describes the number of trials until an event occurs n times?

Introduction

Linear programming: Basic Concepts

Linear programming: Formulation and applications

Theart of modeling with spread sheets

What-If Analysis for linear programming

Network optimization problems

Using binary integer programming to deal withy es-Or-No decisions

Non linear programming

Decision Analysis

Forecasting

Queuing models

Computer simulation: Basic Concepts

Computer simulation with risks olver platform

Solution concepts for linear programming

Transportation and assignment problems

Pert CPM models for project management

Goal programming

Inventory management with known demand

Inventory management with uncertain demand

Filters

Exam 20: Computer simulation with crystal ball

A forecast cell refers to a random input cell

The sensitivity chart conveys which of the following?

Which of the following is not a characteristic of the lognormal distribution?

Which chart indicates the trend in forecast values as a particular decision variable is varied?

Which of the following is not a characteristic of the normal distribution?

Which of the following is a random input cell in Crystal Ball?

The sensitivity chart in Crystal Ball indicates how strongly various assumption cells influence the forecast cell

The normal distribution has a fixed upper and lower bound

A danger of using the normal distribution is that values can fall below zero

The geometric distribution describes the number of times an event occurs in a fixed number of trials

The custom distribution in Crystal Ball allows only discrete distributions to be entered

The exponential distribution is widely used to describe the time between random events

Which of the following is not a characteristic of the triangular distribution?

OptQuest can be used to simultaneously optimize up to how many decision variables?

The binomial distribution describes the number of times an event occurs in a fixed number of trials

The Solver Table can be used by Crystal Ball to systematically investigate a set of values for a decision variable in a simulation model

The cell that represents the output of a computer simulation is referred to as:

A trend chart shows the trend in profit values from trial to trial

The distribution used for the assumption cells is one of the options to be set in the Run Preferences for Crystal Ball

Which of the following distributions describes the number of trials until an event occurs n times?

Introduction

Linear programming: Basic Concepts

Linear programming: Formulation and applications

Theart of modeling with spread sheets

What-If Analysis for linear programming

Network optimization problems

Using binary integer programming to deal withy es-Or-No decisions

Non linear programming

Decision Analysis

Forecasting

Queuing models

Computer simulation: Basic Concepts

Computer simulation with risks olver platform

Solution concepts for linear programming

Transportation and assignment problems

Pert CPM models for project management

Goal programming

Inventory management with known demand

Inventory management with uncertain demand

Filters