please answer them all to be rated Maximax Criterion is the alternative associat
ID: 1119673 • Letter: P
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please answer them all to be rated
Maximax Criterion is the alternative associated with the lowest payoff in the 24. The decision table. a. True b. False 25·The goal of the Minimax Regret Criterion is to minimize the decision maker's a. b. c. d. regret of making a right choice. regret of making a wrong choice. regret of making the highest profit regret of making two alternate choices. 26. The criterion, which allows the decision maker to choose the level of risk, is called a· The Maxim ax Criterion b· The Hurwicz Criterion c. The Equally Likely Criterion d. None of the above 27. The role of parameter in the Hurwicz Criterion is : a. the higher the value for , the less risky the final decision. b. the lower the value for a, the more risky the final decision. c. the higher the value for a, the more risky the final decision. d, the value for does not have any impact on the final decision. 28. Decision making under risk is a decision-making technique that relies on probability information about the states of nature occurring. a. True b. False 29. What is not relevant part of waiting line problems? a. Arrivals or inputs to the system; b. Queue discipline or the waiting line itself, c. Income distribution; d. The Service Facility. 30. In waiting lines analysis, population size can be a. Finite b. Infinite c. Constant d. Both a and b 31. Poisson distribution is a discrete probability distribution that often describes a- the behavior of customers who decides to renege b. the arrival rate in queuing theory c, the behavior of customers who decides to balk d. None of the above.Explanation / Answer
9) true. Residual is the difference between the actual and predicted value
10)lower confidence=82.55-13.21=69.34. Ans is C
11)True because it is the square of residual
12)D. R2 coefficient of determination measures the amount of variation in dependent variable explained by independent variable.
13)SSR=237.5-74.62=162.88
14) R^2=162.88/237.5=68.58%
Ans is D I.e. 0.686
15)y=70.1783+4.1786(7)=99.4285
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