GBA-334 Mid-Term Exam 1 Assignment

The following are details for the GBA-334 Mid-Term Exam 1 Assignment and Weekly Assignment of 5 Problems – Saint Leo University

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  1. Amy Maxwell is not sure about the possibility of a favorable market.  She would like to determine:
  2. The equally likely decision: Alternative 2
  3. The maxi-max decision: Alternative 2
  4. The maximin decision: Alternative 3
  5. The criterion of realism (Hurwicz): Alternative 2
  6. The minimax regret decision: Alternative 2

The problem data is summarized below and the Hurwicz criterion should be 0.7.

GBA-334 Mid-Term Exam 1 Assignment

Favorable Market                    Unfavorable Market

Probability                   .5                                             .5

Alternative 1               42,000                                     -20,000

Alternative 2               56,000                                     -30,000

Alternative 3               0                                              0

  1. Given the data on the number of ads placed and corresponding apartment rentals, use multiple regression analysis to find the following:
  2. SSR
  3. SSE
  4. SST
  5. Correlation Statistic

Coefficient of Determination

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Sample Questions for GBA-334 Mid-Term Exam 1 Assignment

35) According to Table 8-1, which describes a production problem, suppose it is decided
that the number of hours used in the assembly process must be at least 80 percent of
the time available. How would this constraint be written?
A) 3T + 2C ≥ 160
B) 3T + 2C ≥ 200
C) 3T + 2C ≤ 200
D) 3T + 2C ≤ 160
36) According to Table 8-1, which describes a production problem, suppose it is decided
that the number of hours used in the assembly process must be at least 90 percent of
the number of hours used in the finishing department. How would this constraint be
written?
A) 3T + 2C ≥ 162
B) 3T + 2C ≥ 0.9(2T + 2C)
C) 3T + 2C ≤ 162
D) 3T + 2C ≤ 0.9(2T + 2C)
37) Media selection problems are typically approached with LP by either
A) maximizing audience exposure or maximizing number of ads per time period.
B) maximizing the number of different media or minimizing advertising costs.
C) minimizing the number of different media or minimizing advertising costs.
D) maximizing audience exposure or minimizing advertising costs.
38) Which of the following is considered a decision variable in the media selection
problem of maximizing audience exposure?
A) the amount spent on each ad type
B) what types of ads to offer
C) the number of ads of each type
D) the overall advertising budget
39) Which of the following is considered a decision variable in the media selection
problem of minimizing interview costs in surveying?
GBA-334 Mid-Term Exam 1 Assignment

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