Which of the following is not a continuous random variable? The possible amount of rain on a given day The time to complete a specific task The pollution level (measured in air quality index) in the air around us The outcomes of rolling two dice

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A: Cost of capital can be defined as the rate of return which is expected by the firm from its…

Q: A company that produces fresh cakes daily throws out their unsold cakes at the end of the day. The…

A: A company that produces fresh cakes daily throws out their unsold cakes at the end of the day. The…

Q: Decision tree is a method to solve any optimization problem when the outcomes are subject to…

A: Ans : The Maximin criterion is an approach in optimization under uncertainty which finds a solution…

Q: the problem using Polya’s Four-Step Problem-Solving Method. A frog is at the bottom of a 21-foot…

A: Consider that a frog is at the bottom of a 21-foot well. Each time the frog leaps, it moves up 3…

Q: Bad simulations Explain why each of the followingsimulations fails to model the real situation…

A: Let's try to find out first, for each of these 3 given conditions - which scenarios may represent a…

Q: he probability that a mobile phone is stolen in an electronic shop is 0.0008. If 8500 mobile phones…

A: Quality refers to the degree of excellence of something. Quality has some standard on the basis of…

Q: A study on ethics in the workplace by the Ethics Resource Center and Kronos, Inc., revealed that 35%…

A: Given, Let A = employee keep quiet, B = call in sickP(A) = 0.35P(B|A) = 0.70P(A|B) = 0.45

Q: A firm uses a single input to produce a commodity according to its short-run production function,…

A: given, commodity sells =$100 per unit  input cost =$50per unit

Q: a) Determine the amount of potatoes and green beans Maria should purchase each week for the…

A: Note: first three subparts being done because of guidelines. Repost for other part answers. a)

Q: Player A begins by placing a checker on the lower left-hand corner of a checkerboard (8 by 8…

A: Player A starts by placing a checker in the lower-left corner of the test board and player B places…

Q: Use two phase method for solving Maximize: Z = 4X1 + 3X2 + 9X3 Subject to: 2X1 + 4X2 + 6X3 ≥ 15 6X1…

A: Given: Find solution using Two-Phase methodMAX z = 4x1 + 3x2 + 9x3subject to2x1 + 4x2 + 6x3 >=…

Q: an ongoing problem in managing service operations is that the selection of order qualifiers and…

A: an ongoing problem in managing service operations is that the selection of order qualifiers and…

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A: There are several methods to solve the problem. I am using Markov chain method here. Hope you are…

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A: Natural hazard It is a natural occurrence, which hurts humans and other animals, or the environment.…

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Q: Which of the following statements is true regarding the advantages of using simulations? a. Its…

A: Option D is correct.

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A: Sorting out means breaking many different items into seperate stocks that are similar.

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A: The answer is option A : Form utility. It means changing the form of a product.

Q: What symbol does Access use to express exponentiation? Group of answer choices ^ * ()

A: What symbol does Access use to express exponentiation? A. ^ B. * C. <> D. ()

Q: For a particular process, originally each 200 units of product manufactured yielded 180 conforming…

A: THE ANSWER IS AS BELOW:

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A: Production scheduling is an essential activity, which aims to prepare a schedule to produce a mix of…

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A: A standard simplex approach starts with a workable but inefficient solution and iterates until an…

Q: Which of the following statements is true ? 1.Average values generated from a simulation are…

A: Correct answer is

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A: Given data is Number of plants = 3 Number of distribution centers = 4 Number of wholesalers = 5

Q: Uncontrollable inputs are the decision variables for a model Select one : True or false

A: ANSWER IS AS BELOW:

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A: a) Min C1X1 + C2X2 + C3X3 + C4X4 + C5X5 + C6X6 + C7X7 Subject to 1X1 + 0X2 + 0X3 + 1X4 + 1X5 + 1X6 +…

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Q: Cost-benefit-tradeoff problems are linear programming problems involving the allocation of limited…

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Q: Which of the following is true?   a)The maximin criterion is an approach in Optimization under…

A: The Maximin criterion is an approach in optimization under uncertainty which finds a solution with…

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Q: output variable of interest from a simulation model will be a............ Variable Independent…

A: Random Variable

Q: Java Code needed Write a program by creating an 'Employee' class having the following methods and…

A: Explanation: This is the JAVA program of your question: import java.util.Scanner; class Employee {…

Q: Payoff Insurance Company charges a customeraccording to his or her accident history. A customer…

A:

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A: Business environment refers to all those internal and external factors that affects the functioning…

Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.