Business Analytics > QUESTIONS & ANSWERS > Chapter 16: Business Analytics_ Data Analysis _ Decision Making (QUESTIONS AND ANSWERS)2021 EDITION (All)
Chapter 16: Business Analytics_ Data Analysis _ Decision Making (QUESTIONS AND ANSWERS)2021 EDITION
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1. Which of the following is typically not an application of simulation models? a. Operations models b. Financial models c. Marketing models d. Value of Information models e. None of these option ... s 2. Bidding for contracts is an example of which of the following types of simulation model application? a. Operations models b. Financial models c. Marketing models d. Games of chance e. None of these options 3. Cash balance models are an example of which of the following types of simulation application? a. Operations models b. Financial models c. Marketing models d. Games of chance e. None of these options 4. Customer loyalty models are an example of which of the following types of simulation application? a. Operations models b. Financial models c. Marketing models d. Games of chance e. None of these options 5. The two random variables we typically simulate as inputs in bidding models are? a. Number of bidding competitors and bid amount b. Number of bidding competitors and bid profit c. Individual bid amounts and net bidding profits d. Mean number of bidding competitors and net bidding profit e. None of these options [Show More]
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