NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

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NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

Postby Jed » Tue Feb 05, 2019 7:58 am

NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

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Q1 The term ___________ is used as a measure of disorganisation.


Q2 A system is closed when it does not interface with its _____________.


Q3 A system can be ___________, mechanical or social.


Q4 According to ___________ defined system as an integrated set of elements that accomplish a defined objective.


Q5 A __________can also be defined is a collection of elements or components or units that are organized for a common purpose.


Q6 The study of systems concepts has __________ basic implications.


Q7 The term system is derived from the Greek word ___________


Q8 The Monte Carlo method of simulation was developed by __________mathematicians.


Q9 ___________ is primarily concerned with experimentally predicting the behaviour of a real system for the purpose of designing the system.

Simulati on

Q10 Adebayo et al (2010) define __________ as a process whereby a complex life problem situation is converted into simple representation of the problem situation.

Modell ing

Q11 Ihemeje (2002) presents __________vital characteristics of OR


Q12 ___________ defined Operations Research as applied decision theory.

Miller and Starr,

Q13 The name Operations Research (or Operational Research) was coined in _______ because the team was carrying out research on military operations.


Q14 During ___________, the military management in England called on a team of scientists to study the strategic and tactical problems of air and land defence.

War II

Q15 it was in ______ when Ferderick, W. Taylor emphasized the application of scientific analysis to methods of production, that the real start took place.


Q16 The roots of OR are as old as __________ and society.


Q17 Gupta and Hira ___________traced the development of Operations Research (OR)


Q18 There are _____________ miscellaneous application.


Q19 ________ involve the selection of advertising mix among different advertising media such as T.V., radio, magazines and newspapers that will maximize public exposure to company􀳦??s product.

media selection problem s

Q20 Linear programming is one of the most widely applied techniques of operations research in business, ________ and numerous other fields.

indus try

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Re: NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

Postby Jed » Tue Feb 05, 2019 8:07 am

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Q21 L.P. models can handle ____________ variation.C5


Q22 ____________ It means that if we use t1 hours on machine A to make product 1 and t2 hours to make product 2.

Additiv ity

Q23 A linear programming model is based on _________ assumptions.


Q24 It was in___________that George Dantzig and his associates found out a technique for solving military planning problems while they were working on a project for U.S.


Q25 Linear programming deals with the ____________

optimiza tion

Q26 The ____________ function of linear programming may be profit, cost, production capacity or any other measure of effectiveness.


Q27 The ___________ was developed to analyse decision problems that are complex and repetitive in nature.

secretary problem

Q28 Analysing a decision tree involves ___________ states.


Q29 The decision tree analysis process is a form of probabilistic dynamic programming _____________.

Dixon-Ogbechi, 2001

Q30 Structure of a decision tree was adapted by ____________


Q31 The state of nature or chance nodes are depicted by ____________.


Q32 The ___________ can also be referred to as state of nature node or event node.

change node

Q33 decision tree represents the uncertainty of choice ___________.


Q34 A decision tree is a __________ method of showing a sequence of inter-related decisions and outcomes.


Q35 Decision taken under conflict is a ___________decision situation.

compet itive

Q36 The ____________criterion is a regret criterion.

expected opportunity Loss

Q37 There are ___________ types of environments under which decisions can be made.


Q38 ____________ are also called states of nature.

environmenta l factors

Q39 ___________ is the particular preference structure of the decision maker.

value System

Q40 The posterior probability represented symbolically by ___________


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Re: NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

Postby Jed » Tue Feb 05, 2019 8:09 am

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Q41 Decision makers are generally interested in the ___________monetary value decisions.


Q42 The ________________ decision refers to the selection of available action based on either the expected opportunity loss or the expected profit of the action.

expected monetary value

Q43 The payoff table is usually displayed in__________ form.


Q44 Decision making under uncertainty is always _____________.


Q45 Decision maker is operating under ____________.


Q46 A good decision must be ___________with the information and preferences of the decision maker.


Q47 The primary aim of decision analysis is to increase the ____________ of good outcomes by making good and effective decision.


Q48 ______________analysis is the modern approach to decision making both in economics and in business.


Q49 Simplify 1 - 0.2 - 0.3 = _____________


Q50 ___________ theorem is a formula which can be thought of as 􀳦??reversing􀳦?􀳦 conditional probability.


Q51 Assuming two events, A and B, the probability of event A, given that event B has occurred is referred to as the ____________ probability of event A.

conditio nal

Q52 The results of adding the joint probabilities in ____________and columns are known as marginal probabilities.


Q53 The _____________ Probability of an event is its simple probability of occurrence, given the sample space.

Marg inal

Q54 A joint probability table is a ___________ table.

conting ency

Q55 Joint probabilities can be _____________ analysed with the aid of joint probability tables.


Q56 A __________ probability implies the probability of joint events.


Q57 Assume there is a drug store with 10 antibiotic capsules of which 6 capsules are effective and 4 are defective. What is the probability of purchasing the effective capsules from the drug store?

0.25 2

Q58 There are _________ basic laws of probability.


Q59 __________probability is often referred to as relative frequency.


Q60 There are basically ___________ separate ways of calculating probability.


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Re: NOUN TMA Questions and Answers: BUS800- Quantitative Analysis

Postby Jed » Tue Feb 05, 2019 8:11 am

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Q61 ______________ is a concept that most people understand naturally.


Q62 Let the function f: Ɽ􀳦??Ɽ be defined by the formula f(______) = x2.


Q63 We define the range of f to consist precisely of those elements in B which appear and the image of at least one element in ________.


Q64 f and g are equal functions, that is, f = ______________.


Q65 Let f (x) = x² where x is a ____________ number


Q66 The basic elements of _______ theory are the outcomes of the process or phenomenon under study.


Q67 A function f of A onto B is called a __________ function.

constan t

Q68 The _________ of sets A and B is the set of all elements which belong to A or to B or to both.


Q69 If sets A and B have no elements in common, then we say that A and B are ___________

disjo int

Q70 If every element in a set A is also a member of a set B, then A is called _________ of B.

subs et

Q71 Let B = {x | x²= 4, x is odd}, Then B is the _________ set.

emp ty

Q72 A set which contains no elements is called ____________

Null set

Q73 Let E={x | x²􀳦??3x = -2}, F={2,1} and G ={1,2,2, 1}, then __________

E= F= G

Q74 Let A = {1, 2, 3, 4} and B = {3, 1, 4, 2}. Then A = ________


Q75 Let M be the set of the days of the week. The M is ________


Q76 Sets can be _____________

finite or infinite

Q77 State in words and then write in tabular form A = {x}􀳦??x ² = 4²}

A = {2, -2}

Q78 ___________ case letters will usually represent the elements in our sets


Q79 Sets will usually be denoted by __________ letters

capita l

Q80 A __________ is any well-defined list, collection or class of objects


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