solve foll tasks

1. Yield Management is a type of ___________________

Group of answer choices

a.Set Covering Problem

b.Traveling Salesperson Problem

c.Newsvendor Problem

d.Allocation Problem

e.Fixed Cost Problem

2. Consider the following 4 outcomes - 5 decisions table. The values are profit numbers for each combination.

Using the Minimax (Minimize the maximum regret) approach, our decision would be:

	Choice 1	Choice 2	Choice 3	Choice 4	Choice 5
Outcome A	$50	$80	$70	$90	$120
Outcome B	$30	$40	$40	$20	$50
Outcome C	$90	$70	$80	$110	$40
Outcome D	$80	$70	$40	$30	$50

Group of answer choices

a.Choice 3

b.Choice 5

c.Choice 2

d.Choice 4

e.Choice 1

5.Suppose that we have an investment with an expected return of $500 and a variance of return of $10,000. Then, what is the Coefficient of Variation?

Group of answer choices

a.20

b.5

c.0.2

d.0.05

e.None of the others.

6.In a decision tree, the decision odes are usually represented by____________ and the event nodes are represented by __________.

Group of answer choices

a.circles, squares

b.squares, circles

c.circles, lines

d.squares, stars

e.stars, lines