Refer to the decision Notes

  • Refer to the decision tree attached. The pay-offs are profit values under each scenario. The best decision is\n\nQUESTION 1\n\n1.\n\nRefer to the decision tree attached. The pay-offs are profit values under each\n\nscenario. The best decision is\n\n(type "A" for Invest and "B" for Do not Invest)\n\nand the expected pay-off is . QUESTION 2\n\n1.\n\nUse Exponential smoothing with alpha=0.3 to forecast the sales for 2015 using the\n\ndata given below (Use two decimal points):\n\n2012\n\n2013\n\n2014 184\n\n169\n\n175 2. QUESTION 3\n\n1.\n\nRefer to the pay-off matrix consisting of profit information below. Calculate the\n\nOpportunity Loss if you choose Investment C and Scenario A occurs.\n\nScenario A\n\nScenario B\n\nScenario C Investment A 8,000 10,000 -2,000 Investment B 4,000 -1,000 3,000 Investment C -1,000 2,000 5,000 QUESTION 4\n\n1.\n\nRefer to the image below. As you can see the minimum number of first class tickets\n\nto be sold is currently 12. The minimum number of first class tickets has been increased to\n\n18 (plus six). Profit will then increase or decrease by (use two decimals. Use + sign for\n\nincrease in profit and - sign for decrease in profit. For example type "+100" for an increase\n\nof 100 in profit and type "-100" for a decrease of 100 in profit) QUESTION 5 1. Refer to the pay-off matrix consisting of profit information below. Based on Average\n\npay-off strategy, the investment to be chosen is\n\n(mention the\n\ninvestment letter) and the corresponding average pay-off is (keep two decimals).\n\nInvestment A\n\nInvestment B\n\nInvestment C Scenario A\n\n5,000\n\n8,000\n\n0 Scenario B\n\n8,000\n\n-1,000\n\n2,000 Scenario C\n\n-2,000\n\n6,500\n\n10,500 QUESTION 6\n\n1.\n\nSales for the past eight quarters is given in the table below. Calculate the Seasonality\n\nIndex for the second quarter. (Keep two decimals)\n\nPeriod\n\nSales\n\n2013 Q1 27 2013 Q2 32 2013 Q3 45 2013 Q4 54 2014 Q1 20 2014 Q2 41 2014 Q3 62 2014 Q4 68 2. QUESTION 7\n\n1.\n\nGiven the following output from solver, which of the following statements are true?\n\n(Choose ALL the true statements. Choosing False statements will incur negative marking) The constraint regarding the maximum number of passengers that can be\n\ncarried is not binding.\n\nNone of the constraints are binding.\n\nThe constraint regarding the minimum number of tourist passengers is not\n\nbinding\n\nThe constraint regarding the minimum number of first class passengers is\n\nbinding. QUESTION 8\n\n1.\n\nThe frequency distribution of height of basketball players are given below. Find the\n\ntwo missing numbers based on the information given below:\n\nCumulati\n\nHeight\n\nFrequenc ve\n\n(Upper\n\ny\n\nFrequenc\n\nlimit)\n\ny 60"},{"left":"","right":""},{"left":"","right":""},{"left":"","right":""}]

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