Question
11. Cause and effect is an assumption which would guide decision making when attempting to forecast the impact of a new government regulation. 1. Cause
11. Cause and effect is an assumption which would guide decision making when attempting to forecast the impact of a new government regulation.
1. Cause and effect is an assumption which would guide decision making when attempting to forecast the impact of a new government regulation.
True or False
2. Choice of the forecast method that minimizes systemic error should be the goal.
true or false
3. Average percent change as a forecasting method relies on what primary assumption?
a. | Cause and effect | |
b. | The past predicts the future | |
c. | No assumption |
4. Best fit predictor is the quantitative rationale for choosing between forecasting methods.
true or false
5. Algebraic linearity is the fundamental mathematical principle behind regression.
true or false
6. System capacity is finite. It is created by the resources available to the system.
trueor false
7. Service systems used to provide medical care are complex and involve many steps. The capacity of any service system is determined by the capacity of each individual step in the production process. The step that has the lowest capacity determines the capacity of the entire system.
true or false
8. In the language of queuing theory, reneging occurs when a unit waiting in line for service decides that the wait is too long and leaves the line and jockeying occurs when a unit switches lines in order to get on a shorter line
true or false
9. The validity of queuing theory calculations is based on whether arrivals for the line are described by the Poisson probability distribution.
true or false
10. In a single channel single server system, if the service rate is 6 per hour and the arrival rate is 4 per hour, then the probability that a unit must wait (Pw) is 67%.
true or false
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started