Question 1

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 frequency chart 
D) Statistics table 
E) None of the above 
A) Frequency chart 
B) Trend chart 
C) Cumulative frequency chart 
D) Statistics table 
E) None of the above B

Question 2

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

Accepted Answer

A) True 
 B)False  False

Question 3

The number of trials is one of the options to be set in RSPE

Accepted Answer

A) True 
 B)False  True

Question 4

The standard error gives an indication of the accuracy of the estimated mean

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not a step required to perform a simulation with RSPE?

Accepted Answer

A) Define the uncertain variable cells 
B) Define the results cells to forecast 
C) Set the simulation options 
D) Develop the spreadsheet model 
E) All are steps required to perform a simulation with RSPE 
A) Define the uncertain variable cells 
B) Define the results cells to forecast 
C) Set the simulation options 
D) Develop the spreadsheet model 
E) All are steps required to perform a simulation with RSPE

Question 6

The triangular distribution has a fixed upper and lower bound

Accepted Answer

A) True 
 B)False

Question 7

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 8

When applying simulation to an inventory problem,which of the following is the most appropriate choice for the results cell

Accepted Answer

A) The total profit 
B) The holding cost per unit 
C) The demand 
D) All of the above 
E) None of the above 
A) The total profit 
B) The holding cost per unit 
C) The demand 
D) All of the above 
E) None of the above

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) It has a fixed minimum value 
B) It has a fixed maximum value 
C) Some value is the most likely 
D) All of the above are characteristic of the uniform distribution 
E) None of the above are characteristic of the uniform distribution 
A) It has a fixed minimum value 
B) It has a fixed maximum value 
C) Some value is the most likely 
D) All of the above are characteristic of the uniform distribution 
E) None of the above are characteristic of the uniform distribution

Question 11

Which of the following distributions is widely used to describe the time between random events?

Accepted Answer

A) Uniform distribution 
B) Exponential distribution 
C) Poisson distribution 
D) Normal distribution 
E) None of the above 
A) Uniform distribution 
B) Exponential distribution 
C) Poisson distribution 
D) Normal distribution 
E) None of the above

Question 12

The RSPE Solver 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 13

Which of the following is a random input cell in RSPE?

Accepted Answer

A) An uncertain variable cell 
B) A decision variable 
C) A results cell 
D) A statistic cell 
E) None of the above 
A) An uncertain variable cell 
B) A decision variable 
C) A results cell 
D) A statistic cell 
E) None of the above

Question 14

A distribution is chosen from the Distributions menu for which type of cell?

Accepted Answer

A) An uncertain variable cell 
B) A decision variable 
C) A results cell 
D) A statistic cell 
E) None of the above 
A) An uncertain variable cell 
B) A decision variable 
C) A results cell 
D) A statistic cell 
E) None of the above

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

RSPE can not handle constraints in a simulation model

Accepted Answer

A) True 
 B)False

Question 17

The distribution used for the uncertain variable cells is one of the options to be set in the Simulation Options in RSPE

Accepted Answer

A) True 
 B)False

Question 18

The more trials that are run,the lower the standard error will become

Accepted Answer

A) True 
 B)False

Question 19

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

Question 20

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

Accepted Answer

A) True 
 B)False

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

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

The number of trials is one of the options to be set in RSPE

The standard error gives an indication of the accuracy of the estimated mean

Which of the following is not a step required to perform a simulation with RSPE?

The triangular distribution has a fixed upper and lower bound

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

When applying simulation to an inventory problem,which of the following is the most appropriate choice for the results cell

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

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

Which of the following distributions is widely used to describe the time between random events?

The RSPE Solver can be used to simultaneously optimize up to how many decision variables?

Which of the following is a random input cell in RSPE?

A distribution is chosen from the Distributions menu for which type of cell?

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

RSPE can not handle constraints in a simulation model

The distribution used for the uncertain variable cells is one of the options to be set in the Simulation Options in RSPE

The more trials that are run,the lower the standard error will become

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

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

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

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

Computer simulation with crystal ball

Filters

Exam 13: Computer simulation with risks olver platform

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

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

The number of trials is one of the options to be set in RSPE

The standard error gives an indication of the accuracy of the estimated mean

Which of the following is not a step required to perform a simulation with RSPE?

The triangular distribution has a fixed upper and lower bound

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

When applying simulation to an inventory problem,which of the following is the most appropriate choice for the results cell

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

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

Which of the following distributions is widely used to describe the time between random events?

The RSPE Solver can be used to simultaneously optimize up to how many decision variables?

Which of the following is a random input cell in RSPE?

A distribution is chosen from the Distributions menu for which type of cell?

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

RSPE can not handle constraints in a simulation model

The distribution used for the uncertain variable cells is one of the options to be set in the Simulation Options in RSPE

The more trials that are run,the lower the standard error will become

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

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

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

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

Computer simulation with crystal ball

Filters