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Simulations with Arena questions:
1) If 100 data points are good than 1000000 data points are always better.
a) True
b) False
2) "A simple model (or solution to a problem) is usually better than a more complicated model" is a short form of:
a) The Central Limit Theorem
b) The second fundamental law of probability
c) Occam's Razor
d) the KIS method
HAL Associates is a strategy consulting firm that divides its consultants into three classes: Associates, Managers, and Partners. The firm has been stable in size for the last 30 years, ignoring growth opportunities in the 90s, but also not suffering..
Summarize the managerial challenges and recommendations of sex-role, age, racial, ethnic, and disability stereotypes.
What are technical constraints? What are resource constraints? Give some examples of both. What are the market size segement for tiny houses research paper? What are the objectives for tiny house? Do you think performance appraisal should be done? is..
A fast food franchise tracked the number of errors that occurred in customers' orders. These included wrong menu item, wrong size drink, lack of condiments,
What conditions must existprior to calculating the processcapability? Distinguishbetween gage repeatability and gage reproducibility? Light bulbs are tested for luminance. Random samples of 5 are chosen.
Explain why is planning important to success of a project. When would you, as a manager, use strategic planning. When would you use management planning.
Discuss how a person could go through gender reassignment surgery. What does Title VII state regarding using a BFOQ defense for gender? Define and explain equal pay and comparable worth. Give an example of comparable worth.
The new process doubles the monthly fixed costs, but halves the variable cost. How much will the company SAVE in one month with the new process?
Which of the following is a benefit of good competitive intelligence
In the context of consumer choice, which of the following statements is true? Marketers use _____ to assess consumers' choice criteria.
(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, discuss whether it is a detector, assessor, effectors, or communications network: Comparing act..
When sequencing jobs it is critical to balance all the variables. Describe what Shortest Processing Time (SPT) and the Earliest Due Date (EDD) sequencing rules are. Then compare and contrast the advantages and disadvantages of the Shortest Processing..
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