
PRELIMS_QUANTITATIVE
Quiz
•
Science
•
University
•
Practice Problem
•
Hard
Ridge Marino
Used 2+ times
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24 questions
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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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