PRELIMS_QUANTITATIVE

PRELIMS_QUANTITATIVE

University

24 Qs

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PRELIMS_QUANTITATIVE

PRELIMS_QUANTITATIVE

Assessment

Quiz

Science

University

Practice Problem

Hard

Created by

Ridge Marino

Used 2+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of quantitative analysis?

To make decisions based on emotions

To process raw data into meaningful information

To rely only on intuition for decision-making

To analyze only qualitative data

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a type of data?

Alphanumeric

Text

Rational

Audio

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximax strategy?

Choosing the best of the worst outcomes

Choosing the best of the best possible outcomes

Choosing the smallest regret value

Choosing the average of each alternative

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which decision-making strategy selects the best of the worst outcomes?

Maximax

Maximin

Laplace

Hurwicz

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Laplace strategy involve?

Selecting the decision with the lowest regret

Choosing the decision with the highest expected value

Calculating the average value of each alternative

Multiplying best and worst outcomes by a coefficient

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for Expected Value (EV)?

EV = P(X)

EV = X - P

EV = P + X

EV = X/P

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of qualitative data?

Temperature readings

Customer satisfaction ratings (Excellent, Good, Poor)

Employee salary figures

Exam scores

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