Quantitative Analysis - 50 Multiple choice Questions

1. Which of the following is not a reason for the failure of a particular Quantitative analysis technique in solving a problem? a. underestimating the total cost of using quantitative techniques b. failure to define the real problem c. under-emphasis on theory and over-emphasis on application d. underestimating the total time required to develop and implement the most appropriate technique e. resistance to change and reluctance of decision-makers to trust and act upon the results obtained by using unfamiliar techniques 2. Evaluating all possible values of a variable in a model is called a. Trial and error. b. complete enumeration. c. an algorithm. d. variablization. ... click for more

Influence Chart

Draw an influence chart for the following: The Boeing company faces a critical strategic choice in its competition with Airbus Industries for the long-haul flight segment: should it design and build a super-747 model that can carry 550 passengers at speeds around 350 mph, or a plane that can fly at 95 percent of the speed of sound but carry only about 350 passengers? As a member of Boeing's Planning Group, your task is to build a model to investigate the trade-offs involved in this decision.

Model

A toy company has been marketing souvenir toys in conjunction with various professional sports teams in a number of cities. Over the past few years, this experience has provided some data on the effect of advertising on sales revenues because the advertising expenditures have tended to be different in each case. Although the lengths of advertising campaigns vary, the vast majority of the sales occur within the first three months, which is the time period covered in the data. A summary is shown in the table. __________________ Advertising 18 12 5 4 24 26 15 12 16 10 15 12 ($M) Revenues 105 72 40 44 135 122 88 77 105 67 98 54 ... click for more

A problem on Regression is solved in this posting using Excel data Analysis. A complete Interpretation of the Excel output for Regression is given with explanation enabling students to interprete the Regression output of Excel.

*Please show all work, use excel and identify the value and units measured. (Notes for my own Use: Ch8: 6) The National Transportation Safety Board collects data by state (including the District of Columbia) on traffic fatalities. Part of this data is shown in the following table. along with potentially related factors including population, number of licensed drivers, number of registered vehicles, and total number of vehicle miles driven. (The complete data are available in the file traffic.xls.) You have been asked to develop a model to help explain the factors that underlie traffic fatalities. _____________________________________________ See attachment __________________________... click for more

Excel Modeling

*Please show all work, use excel and identify the value and units measured. (Notes for my own Use: Ch11,12) Scheduling staff. You are the director of the Computer Center for Gaillard College and rewponsible for scheduling the staffing of the center, which is open from *a.m. until midnight. You have monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: ___________________________________________________ Time of day Minimum # of Consultants required to be on duty 8am-noon 4 Noon-4pm 8 4pm-8pm 10 8-midn... click for more