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A) What are 2 possible ways to improve the service rate of a waiting line operation?
B) Briefly describe how simulation could be used to assist decision makers in regards to new product development?
C) Give an example of how Decision analysis could be used to determine an optimal strategy? Briefly describe several decision alternatives a decision maker would be faced with and possible uncertain future events to consider.
D) What is the difference between quantitative forecasting methods and qualitative forecasting methods?
E) Under what circumstances would it be more appropriate to use quantitative rather than qualitative forecasting methods?
F) Give an example of a situation when using quantitative forecasting would be appropriate?
Perform an initial exploratory data anlysis using plots and the usual descriptive statistical methods. This should include individual plots of FFD against the three continuous variables, with the data grouped by the two categorical variables.
Your final project entails systematic extraction of decision-aiding insights from a dataset (SampleDataSet.xlsx) provided to you in the Doc Sharing area. The goal of this project is to provide you with hands-on experience in conducting and interpr..
Find the complete (including values for slack variables) optimal solution to this linear programming problem using. graphical method
Set up this problem in excel; find the optimal solution using excel solver, and the solution's sensitivity report. What are your solution and your objective function value? For each constraint: what is its shadow price, what is its slack (or, you ..
Find the perpendicular distance of the plane 5 x + 2 y - z = -22 from origin 0 by first finding the co-ordinates of the point P on the plane - What is the minimum distance the ant must travel before it gets to the food? How about the fly?
Are the results enough evidence to conclude that the bottles are not filled adequately at the labeled amount of 6 ounces per bottle?
Gravel is being dumped from a conveyor belt at a rate of 30 cubic feet per minute. It form a pile in the shape of a right circular cone whose base diameter and height are always equal. How fast is the height of the pile increasing when the pile is..
Locate all relative (local) and absolute maxima and minima for the function: f(x)=2x^5-5x^4+7 on the closed interval [-1,3/2].
A plastic sphere floats in water with 50.0 percent of its volume submerged. This same sphere floats in glycerin with 40.0 percent of its volume submerged. Determine the densities of the glycerin and the sphere.
The slopes in the direction field are all identical along horizontal lines and new solutions can be generated from old ones by time shifting (i.e., replacing y(t) with y(t - t0).
1.) My computer program offers two types of t-tests. One is a called independent groups ttest, and the other is called dependent groups t-test. When should I use which one? 2.) How does a one-tail test compare with a two-tail test for determining t..
What is the independent variable in this study? What are the dependent variables?
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