 Question 1

1 out of 1 points
linear is the relationship between the variables is directly proportional.
Selected True
Answer:
Answers: True
False
 Question 2
0 out of 1 points
The value of a random variable is the general outcome of a random (or probability) policy
Selected True
Answer:
Answers: True
False
 Question 3
0 out of 1 points
The value of a random variable is unknown until the event occurs
Selected True
Answer:
Answers: True
False
 Question 4
1 out of 1 points
The outcome of the play depends on every combination of courses of actions
Selected True
Answer:
Answers: True
False
 Question 5
1 out of 1 points
In Markov analysis,state probabilities must- sum to one
Selected True
Answer:
Answers: True
False
 Question 6
1 out of 1 points
random variables take on only whole number values
Selected False
Answer:
Answers: True
False
 Question 7
1 out of 1 points
cost is more economical than primary data, since data is already available.
Selected True
Answer:
Answers: True
False
 Question 8
1 out of 1 points
 Buying a house, manufacturing a product, spending money on a show are examples of
Land.
Selected False
Answer:
Answers: True
False
 Question 9
1 out of 1 points
The normal distribution is completely determined by its expected value or mean (denoted by
m) and standard formats.
Selected False
Answer:
Answers: True
False
 Question 10
1 out of 1 points
Markov Process is a sequence of experiments in which each experiment has certain
possible outcomes
Selected True
Answer:
Answers: True
False
 Question 11
1 out of 1 points
The data collected could be in terms of qualitative variables or in terms of quantitative
variables.
Selected True
Answer:
Answers: True
False
 Question 12
1 out of 1 points
The method of testing the consistency of a system is also provided by the matrix algebra
Selected True
Answer:
Answers: True
False
 Question 13
1 out of 1 points
Game Theory is applicable to those competitive situations which are technically known as
“outdoor games”.
Selected False
Answer:
Answers: True
False
 Question 14
0 out of 1 points
In the monopoli situation the information is completely known and the outcome of a specified
decision can be predetermined with certainty.
Selected True
Answer:
Answers: True
 False
 Question 15
1 out of 1 points
The sum of the four orders is an example of vector addition.
Selected True
Answer:
Answers: True
False
 Question 16
1 out of 1 points
Averages help in obtaining a picture of the universe with the help of accuracy
Selected False
Answer:
Answers: True
False
 Question 17
1 out of 1 points
A matrix having only two column is called a column matrix.
Selected False
Answer:
Answers: True
False
 Question 18
1 out of 1 points
In a matrix of transition probability,the element aij where i=j is a loss
Selected False
Answer:
Answers: True
False
 Question 19
0 out of 1 points
markov tree diagram is used to illustrate only a limited number of transition of a Markov
chain.
Selected True
Answer:
Answers: True
False
 Question 20
1 out of 1 points
A decisions tree is a decision flow diagram that includes branches leading to alternatives
one can select among the usual branches leading to events that depend on probabilities.
Selected True
Answer:
Answers: True
False
 Question 21
0 out of 1 points
snowball sampling is a variation of simple random sampling.
Selected True
Answer:
Answers: True
 False
 Question 22
1 out of 1 points
In the guesstimate conceptual model the forecast is based on expert opinion.
Selected True
Answer:
Answers: True
False
 Question 23
1 out of 1 points
In Assignment models, only one unit can be supplied to each destination from each source.
Selected True
Answer:
Answers: True
False
 Question 24
1 out of 1 points
The Law of Inertia of large numbers is a corollary of the Law of Statistical regularity
Selected True
Answer:
Answers: True
False
 Question 25
1 out of 1 points
A probability function is a paper that assigns probabilities to each element of a set of events
that may occur.
Selected False
Answer:
Answers: True
False
 Question 26
1 out of 1 points
The objective of transportation problem is to minimize the cost of transportation under the
given supply and demand constraints.
Selected True
Answer:
Answers: True
False
 Question 27
1 out of 1 points
If a matrix of transition probability is of the order nxn,then the number of equilibrium
equations would be-: n
Selected True
Answer:
Answers: True
False
 Question 28
1 out of 1 points
A zero element in the transition matrix indicates that the transition is possible
Selected False
Answer:
 Answers: True
False
 Question 29
1 out of 1 points
Function form only tells us that there is a policies between the variables.
Selected False
Answer:
Answers: True
False
 Question 30
1 out of 1 points
If the economic model is extended to include several commodities, it will have several
equations in several forms
Selected False
Answer:
Answers: True
False
 Question 31
1 out of 1 points
Absorbing state occurs when if any transition probability in the retention diagonal from upper
left to lower right is equal to zero
Selected False
Answer:
Answers: True
False
 Question 32
1 out of 1 points
Each variable represents a distinct dimension of the decision making task.
Selected True
Answer:
Answers: True
False
 Question 33
0 out of 1 points
The larger the sample, the more useful are its indications for the population.
Selected True
Answer:
Answers: True
False
 Question 34
0 out of 1 points
A future state can be predicted from the previous state and the matrix of transition list
Selected True
Answer:
Answers: True
False
 Question 35
1 out of 1 points
payoff is the effectiveness of particular combination of a course of action and state of nature.
Selected True
Answer:
 Answers: True
False
 Question 36
1 out of 1 points
In industry optimization means the minimization of labour and the maximization of profits.
Selected False
Answer:
Answers: True
False
 Question 37
1 out of 1 points
The second objective of the sampling theory is to accept or reject the hypothesis
Selected True
Answer:
Answers: True
False
 Question 38
1 out of 1 points
The linear function which is to be optimized is called objective Function.
Selected True
Answer:
Answers: True
False
 Question 39
1 out of 1 points
A state is said to be absorbing (trapping) state if it does not leave the state.
Selected True
Answer:
Answers: True
False
 Question 40
1 out of 1 points
A discrete probability distribution is sometimes called a probability mass function.
Selected True
Answer:
Answers: True
False
 Question 41
3 out of 3 points
A cycling process is one in which transition matrix contains all zero elements in the retention
cells and all other elements are either _____________.
Selected 0 or 1
Answer:
Answers: 10 or 100
A or z
0 or 1
All three
 Question 42
3 out of 3 points
 Data must be numerically expressed in measurable ______________.
Selected Answer: Units

Answers: Terms
Units
Length
Form
 Question 43
3 out of 3 points
The idea of probability is normally associated and remembered in connection with games or
__________________.
Selected Gambaling
Answer:
Answers: Gamings
Gambaling
Educations
None
 Question 44
0 out of 3 points
A future state can be predicted from the previous state and the matrix of transition
________________.
Selected Answer: List

Answers: Formats
List
Probabilities
Coloumns
 Question 45
2 out of 2 points
The method to solve assignment problems wasn introduced by ______________, a
Hungarian mathematician.
Selected Answer: D.Koing

Answers: S.Phunsuk
D.Koing
J.Timothy
H.Hound
 Question 46
2 out of 2 points
The solution to a transportation problemwith m-rows and n-coloumns (destination) is feasible
if number of positive allocations are-:
Selected Answer: m+n-1

Answers: m+n-1
m+n
mxn
 m+n+1
 Question 47
2 out of 2 points
The objective of transportation problem is to minimize the cost of transportation under the
given supply and ____________ constraints.
Selected Answer: Demand

Answers: Supply
Demand
Formal
Informal
 Question 48
2 out of 2 points
___________ strategy is the decision rule which is always followed by the player to select
the particular course of action.
Selected Answer: Pure

Answers: Clean
Big
Formal
Pure
 Question 49
2 out of 2 points
VAM stands for Vogels Approximation ___________________.
Selected Answer: Method

Answers: Machine
Maximization
Minimization
Method
 Question 50
2 out of 2 points
In a payoff matrix ____________ point is one which is the smallest value in its row and the
largest value in the column.
Selected Answer: Saddle

Answers: Saddle
Valuable
Average
None
 Question 51
2 out of 2 points
A _____________ problem can be tabulated in a matrix called transportation matrix.
Selected Answer: Transportation

Answers: Mathemetical
 Geographical
Liner
Transportation
 Question 52
2 out of 2 points
A game is played when each player chooses a course of action (strategy) out of the
available _______________.
Selected Answer: Strategies

Answers: List
Theories
Value
Strategies
 Question 53
2 out of 2 points
___________ condition is the necessary and sufficient condition for determining the optimal
solution any transportation problem.
Selected Rim
Answer:
Answers: Effective
Formal
Rim
Demand
 Question 54
2 out of 2 points
Economic and ______________ models for private and public enterprises are generally
used to assist major decisions & policy formulation.
Selected Accounting
Answer:
Answers: Econometrics
Mathemetics
Accounting
Stats
 Question 55
2 out of 2 points
Buying a house, manufacturing a product, spending money on a show are examples of
_______________.
Selected Answer: Variables

Answers: Labour
Land
Variables
Capital
 Question 56
 2 out of 2 points
A variable, the building block of the decision task, may be seen as a small piece of a
complex _________________.
Selected Answer: Behaviour

Answers: Building
Behaviour
Emotions
Mutimodels
 Question 57
2 out of 2 points
The outcome of the play depends on every combination of courses of __________.
Selected Answer: Actions

Answers: Choices
Policies
Actions
Lists
 Question 58
2 out of 2 points
Each outcome determines the gain or __________ of each player.
Selected Answer: Loss

Answers: Loss
Achievments
Choices
Strategies
 Question 59
4 out of 4 points
Linear Equation may be defined as an equation where the power of the variable(s) is
_______________, and no cross or product terms are present.
Selected One
Answer:
Answers: One
Two
Three
Four
 Question 60
4 out of 4 points
On the graph the values of chair (X) are represented by ____________ along thehorizontal
line and value of table (Y) along the vertical line.
Selected Answer: Rupees

Answers: Symbols
Rupees
Horizontal
 Vertical
 Question 61
4 out of 4 points
_____________ loss It is incurred due to failure of not adopting most favourable course of
action or strategy.
Selected Answer: Oppurtunity

Answers: Operating
Operational
Oppurtunity
Production
 Question 62
4 out of 4 points
Non-______________ equation is the decision variables have the values zero or positive,
not negative.
Selected Negetive
Answer:
Answers: Positive
Formulative
Directional
Negetive
 Question 63
4 out of 4 points
Variables are the terms used for _________________ quantities that can assume any
values within a given set.
Selected Answer: Mathematical

Answers: Geographical
Economical
Political
Mathematical
Friday, 13 May 2022 12:22:47 o'clock IST