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  21. Calculate the annual cost incurred for the second year. A.$1,224,120,000 B.$884,520,000 C.$491,400,000 D.$638,820,000 22. Calculate the projected profit for the third year. A.$31,315,200 B.$2,373,996,000 C.$1,149,876,000 D.$1,494,838,800 23. Calculate cumulative net profit at the fourth year. A.$1,073,538,462 B.$3,189,634,800 C.$1,312,041,240 D.$1,494,838,800 Business Analytics, 2e   239 24. Calculate the net present value for Dresden's new drug. A.$1,312,041,240 B.($339,600,000) C.$3,702,463,939 D.($932,028,690) 25. Which of the following years shows the first profit for Dresden's new.
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  31. Which of the following is the excel formula used to estimate overbooked customers? A.=MIN(0,B5-B15) B.=MAX(0,B15-B5) C.=MAX(B11,B12) D.=MIN(B11-B12,B11-B14) 32. Calculate the net revenue. A.$72,900 B.$76,500 C.$64,650 D.$68,400 Business Analytics, 2e   243 Use the table below to answer the following question(s). Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000. She expects a salary increase of 5.
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  31. Determine the value of the mean absolute deviation using the Holt-Winters no-trend model for the given data. A.367.35 B.18.39 C.21.70 D.252.55 32. Which of the following is the value of the root mean square error for the given data? A.252.55 B.367.35 C.21.70 D.109.76 33. Which of the following is the forecast value for the 6th  year? A.1256.06 B.1328.04 C.1321.31 D.1327.24 34. If the given.
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  31. What is the total profit generated from the manufacture of only plugs? A.$ 66,666.67 B.$ 100,000.00 C.$ 183,333.33 D.$ 150,000.00 32. What is the total profit generated from the manufacture of rivets? A.$ 66,666.67 B.$ 100,000.00 C.$ 183,333.33 D.$ 150,000.00 33. Which of the following options is used if Solver gives an error message that linearity is not satisfied? A.Ignore Integer.
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  40.A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of which 750 had sales of new strings. If the electric guitars are considered A, the guitar cases are considered B, and the strings are considered.
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  Answer the following question(s) using the Risk Solver Platform (5000 trials per simulation; use the Latin Hypercube sampling method). Consider the spreadsheet for a Newsvendor Model. A B C D Historical E 1 Newsvendor Model Candy Sales  $ 264.00 2 50 $ 264.00 3 Data 45 $ 264.00 4   40 $ 228.00 5  Selling price $ 18.00   46 $ 264.00 6  Cost $ 12.00  .
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  51. From the "what if" values, calculate the net profit when the demand is 65,000. A.$825,000 B.$1,650,000 C.$800,000 D.$925,000 Business Analytics, 2e   251 52. ________ is the term used by Analytic Solver Platform for systematic methods of "what-if" study. A.Scenario B.Validity C.Parametric sensitivity analysis D.Goal Seek 53. Calculate the economic value of a loyal customer for a company given that the customer.
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  21. What are the chances that the product will show a cumulative net profit in the fourth year? A.approximately 25% B.approximately 18% C.approximately 11% D.approximately 32% 22. What cumulative profit in the fifth year is likely to be realized with a probability of 0.50? A.$78,244,098 B.$101,970,955 C.$144,058,696 D.$203,676,827 23. What is the correlation of the market size with the NPV.
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  57. The process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering. 58. In predictive modeling, validity refers to how well a model represents reality. 59. Two-way data tables can evaluate only one output variable. 60. In Excel's Analytic Solver Platform, a parameter is a set of outputs in.
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1. Which of the following best defines Monte Carlo simulation? A.It is a tool for building statistical models that characterize relationships among a dependent variable and one or more independent variables. B.It is a collection of techniques that seeks to group or segment a collection of objects into subsets. C.It is the process.
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1. Which of the following is an example of a simple bounds constraint? A.confirming that production does not go beyond a certain unit value B.reducing production due to scarcity of resources C.meeting targets for a specific sales job D.equaling production in September with the resources available at the end of August 2. Problem statements such.
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  Use the table below to answer the following question(s). Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through five departments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown in units/hour..
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  55. Brenton joined the Kroos Corporation at a starting salary of $61,500. According to the company's retirement plan, Brenton has to make a retirement contribution of 6 percent of his salary. The company contributes 30 percent of this amount. Brenton is expected to receive a salary increment of 3.5 percent.
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  1.Which of the following is included in the data mining approach of data exploration and reduction? A.analyzing data to predict how to classify a new data element B.identifying groups in which the elements of the groups are in some way similar C.creating rules for target marketing based on association of variables D.developing analytic models.
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  11. According to the model, what is the total amount of Fabric 3 to be purchased? A.2,405 B.0 C.32,595 D.35,000 12. According to the model, what is the total cost incurred by Remington for producing the three fabrics? A.$96,540.47 B.$149,240.47 C.$96,227.82 D.$88,862.65 13. From the Sensitivity Report, what cost reduction ($/hour) would make it feasible to purchase some amount of.
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1. The Delphi method used for forecasting: A.obtains forecasts through a comparative analysis with a previous situation. B.uses measures that are believed to influence the behavior of a variable that the researcher wishes to forecast. C.uses a single measure that weights multiple indicators and provides a measure of overall expectation. D.uses a panel of.
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  41.In cluster analysis, the objects within clusters should exhibit a high amount of dissimilarity. 42.In the average linkage clustering, the distance between two clusters is defined as the average of distances between all pairs of objects, where each pair is made up of one object from each group. 43.The accuracy of the.
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  11. For the given data, what is the value of the simple moving average mean square error? A.0.21 B.20.12 C.14.25 D.207.13 12. Using the data, determine the value of the simple moving average root mean square error. A.0.21 B.14.39 C.20.12 D.207.13 13. For the given data, calculate the value of the simple moving average mean absolute percentage error. A.20.90 B.23.45 C.14.39 D.25.56 14. If the.
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  11.If the Euclidean distance were to be represented in a right triangle, which of the following would be considered the distance between two objects of a cluster? A.the hypotenuse B.the small leg C.the long leg D.the average of the sum of both the legs 12.Which of the following formulas calculates the Euclidean distance between X.
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  41. Calculate the total units sold during the discount sales period. A.388.13 B.25.88 C.133.3 D.39.28 42. Calculate the total revenue during the discount sales period. A.$4,478.91 B.$18,921.09 C.$10,042.73 D.$43,321.09 43. Calculate the revenue for the clearance sales period. A.$18,921.09 B.$23,400 C.$48,871.88 D.$17,105.16 44. Calculate the total revenue for the new line of sweaters. A.$59,426.25 B.$48,871.88 C.$23,400 D.$43,231.09 Use the table below to answer the following question(s). In the spreadsheet below, there.
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  46. Indicators are measures that are believed to influence the behavior of a variable an individual wishes to forecast. 47. The indexes in the forecasting indicators provide a complete forecast. 48. A cyclical effect is one that repeats at fixed intervals of time, typically a year, month, week, or day. 49. The Holt-Winters.
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  21. If the unit profit on Graystone surfboards is increased by $10, what is the shadow price for the finishing hours used? A.$ 18.48 B.$ 17.39 C.$ 15.42 D.$ 14.15 22. If the unit profit on both Graystone and Lava surfboards is increased by $10, what is the total profit generated? A.$ 521.74 B.$ 505.43 C.$ 423.91 D.$ 619.57 23..
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  11. What is the Allowable Increase for Lava surfboards produced? A.30 B.24 C.12 D.18 12. What is the Allowable Decrease for Graystone surfboards produced? A.30.74 B.80.00 C.12.33 D.6.67 13. What is the shadow price for the finishing hours used? A.32.46 B.17.39 C.8.33 D.6.67 Business Analytics, 2e   285 14. What is the Allowable Increase in the finishing hours used? A.32.46 B.8.33 C.26.84 D.16.67 15. What is the Allowable Decrease in the fabrication.
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1. Which of the following best defines decision variables in an optimization model? A.They are limitations, requirements, or other restrictions that are imposed on any solution. B.They are the quantities that the model seeks to maximize or minimize. C.They are quantities for which no feasible solutions exist. D.They are unknown values that the model.
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  Use the data shown below to answer the following question(s). The table below is the data set of the Shiller Real Home Price Index for the years 1946-1956. Real Home Price Year Index 1946 106.5058955 1947 109.3296707 1948 101.2225795 1949 100.0466076 1950 105.8948393 1951 103.8986687 1952 103.9743275 1953 114.7133093 1954 114.199126 1955 115.4621261 1956 115.3166155 41. Setting k = 3, determine the simple moving average.
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  31.When using logistic regression, where p being the probability that the dependent variable Y = 1.X 1.X2 ..., Xk are the independent variables, andβ0, β1, β 2 ..., β              k are unknown regression coefficients, ________ is called the odds of belonging to category 1(Y = 1). A.p(β 0 + ß1X 1 + ß 2X 2.
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  11. Which of the following formulas would be used to calculate the net operating income? A.=B15-B5 B.=B15-B16 C.=SUM(B6:B10)-B11 D.=B15-B16+B6 12. Which of the following formulas would be used to calculate earnings before taxes? A.=B15-B16+B6 B.=B15-B5 C.=B15-B16 D.=B17-B10 13. Which of the following formulas would be used to calculate the net income value using only the information in the Model, and.
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  11. What is the value of mode obtained from the simulation results? A.$28,435 B.$22,485 C.$27,198 D.$25,394 12. What is the value of mean absolute deviation obtained from the simulation results? A.$10,893 B.$3,476 C.$7,443 D.$5,885 13. What is the expected loss determined from the simulation results? A.$(78) B.$(120) C.$(60) D.$(47) 14. What is the cost difference lower cutoff in thousands of dollars if the likelihood is.
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  21.Validation data sets differ from training data sets in that validation data sets ________. A.have known outcomes B.test a model with unseen data C.are used to teach data-mining algorithms D.provide the most realistic test for models with known data 22.Which of the following is true of random partitioning? A.It cannot be used for creating training data.
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