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WorksheetsFinal Trimester Quiz
Total questions: 25
Worksheet time: 12mins
3. -------is also known as Opportunity loss table.
Regret table
Profit table
cost table
min table
Carlos works at a movie theater selling tickets. The theater has 300 seats and charges $7.50 for adults and $5.50 for children. The theater expects to make at least $2000 for each showing.
7.5x+5.5y≥2000
7.5x+5.5y≥2000
7.5x+5.5y≤2000
7.5x+5.5y≤300
12.. The difference between the greater payoff and actual payoff is known as ---------
EMV
EVPI
EPPS
EOL
FIndc the best decision using Laplace criterion
A1
A2
A3
8. -----criterion, also known as the criterion of pessimism.
hurwicz criteria
maximin criteria
maximax criteria
minimax criteria
P = 30x + 50y
Corner that maximizes profit: (0, 6)
What is the profit?
FInd the best decision using Maximax criterion on the following table ∣∣
A1
A2
A3
What are the main component of linear programming problem?
Decision Variables
Objective Function
Constraints
Optimal Solution
2. ------ table is also known as profit table
payoff
loss
cost
min
4. All possible outcomes that must be considered in the decision are ------
action
events
profit
loss
What type of correlation best describes the scatter plot shown?
positive, weak
positive, strong
negative, weak
negative, strong
7..-------- criterion, is known as the criterion of optimism.
hurwicz criteria
maximin criteria
maximax criteria
minimax criteria
" A contractor can build at most 500 of an apartment,(x) and flat,(y) houses" . Convert the sentence given into inequality.
x+y≤500
x+y≥500
x+y<500
x+y>500
The type of constraints which specifies maximum capacity of a resource is _______________ constraints.
Less than
Less than or equal
Greater than
Greater than or equal
Number of pets a person has and number of books a person has read
positive correlation
Negative Correlation
No Correlation
Distance traveled vs. amount of gas in the car
Positive Correlation
Negative Correlation
No Correlation
_________ are the restrictions or limitation imposed on the linear programming problem.
Cost
Variables
Constraints
Profit
