Managerial Decision Making Short Quiz

Question 1 (1 point)

Question 1 Saved


Use Excel and the data below to determine the relationship between x and y. Choose the best description of the relationship below.

x 9.5 10.0 10.0 10.0 10.3 9.1 8.6

y 370 360 400 400 420 350 310


Question 1 options:

  Positive Linear
  Negative Linear
  No Relationship Exists
  Do Not Know


Question 2 (1 point)

Question 2 Saved


S&V Industries manufactures book cases. Different sizes of cases are kept in inventory. The company has 80 man-hours and 36 pounds of wood available each day. 2 pounds of wood are used to produce case x1 while 6 pounds of woods are used for case x2. Given that the optimal solution is x1 = 6 and x2 = 3.2, how much wood will be unused if the optimal number of bookcases are produced?

Question 2 options:

  4.8 pounds
  8 pounds
  cannot be determined with the information given.
  Do Not Know


Question 3 (1 point)

Question 3 Unsaved


In a production process, the diameter measures of manufactured o-ring gaskets are known to be normally distributed with a mean diameter of 80 mm and a standard deviation of 3 mm. Any o-ring measuring 75 mm or less in diameter is defective and cannot be used. Using Excel, determine the percent or proportion of defective o-rings that will be produced.

Question 3 options:










Question 4 (1 point)

Question 4 Unsaved


Many airline flights are late for arrival. The histogram below displays the number of minutes a sample of schedules flights was late. The number above each bar is the frequency. For example, the second interval reveals that 5 flights were at least 10 minutes late but less than 20 minutes late.What percent of flights were at least 10 minutes late but less than 20 minutes late?(Enter your value in percent notation. For example, enter the value 30% as either 30 or 30%. Do not enter words, spaces, decimal point, or other marks or symbols)

Question 4 options:

Spell check


Question 5 (1 point)

Question 5 Unsaved


Given the following linear programming model: minimize C = 5×1 + 4×2 subject to 6×1 + 10×2 equation300 10×1 + 4×2 equation200 x1, x2 equation0 Its solution is:

Question 5 options:

  x1 = 1, x2 = 30
  x1 = 56, x2 = 0
  x1 = 10.53, x2 = 23.68
  x1 = 20, x2 = 0
  Do Not Know


Question 6 (1 point)

Question 6 Unsaved


Karim’s Oak Furniture Company manufactures oak tables and chairs. To manufacture the chairs and tables, the wood must be cut, glued, and finished. The labor requirements for the three steps are in the table below, as well as the profit for each table and chair. The available time for the labor requirements are 40 hours for cutting, 40 hours for gluing, and 40 hours for finishing.Karim wants to determine the number of tables and chairs to manufacture in order to maximize profit.What are the decision variables?

Question 6 options:

  x1 = the number of hours to make a table,x2 = the number of hours to make a chair
  x1 = the number of hours required to cut, x2 = the number of hours required to glue, X3 = the number of hours required to finish
  x1 = the number of tables, x2 = the number of chairs
  x1 = the profit per table, x2 = the profit per chair
  Do Not Know


Question 7 (1 point)

Question 7 Unsaved


For the data set below, use Excel to determine the slope, the rate of change of y for a one-unit change in x.

Question 7 options:

Spell check
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp