Prepare for your exams

Study with the several resources on Docsity

Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips

Prepare for your exams

Study with the several resources on Docsity

Earn points to download

Earn points by helping other students or get them with a premium plan

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

BSAD 30 Exam 1 questions well answered to pass

Typology: Exams

2023/2024

1 / 5

Download BSAD 30 Exam 1 questions well answered to pass and more Exams Nursing in PDF only on Docsity! BSAD 30 Exam 1 Single-criterion decision problem - correct answer ✔✔A problem in which the objective is to find the "best" solution with respect to just one criterion. Multicriteria decision problem - correct answer ✔✔A problem that involves more than one criterion; the objective is to find the "best" solution, taking into account all the criteria. Iconic model - correct answer ✔✔A physical replica, or representation, of a real object. Analog model - correct answer ✔✔Although physical in form, an analog model does not have a physical appearance similar to the real object or situation it represents. Mathematical model - correct answer ✔✔Mathematical symbols and expressions used to represent a real situation. Objective function - correct answer ✔✔The mathematical expression that defines the quantity to be maximized or minimized. Uncontrollable input - correct answer ✔✔The factors that cannot be controlled by the decision maker. Controllable input - correct answer ✔✔The decision alternatives that can be specified by the decision maker. Deterministic model - correct answer ✔✔A model in which all uncontrollable inputs are known and cannot vary. Stochastic model - correct answer ✔✔A model in which at least one uncontrollable input is uncertain and subject to variation; stochastic models are also referred to as probabilistic models. Addition law - correct answer ✔✔A probability law used to compute the probability of a union: P(A U B) = P(A) + P(B) - P(A n B). For mutually exclusive events, P(A U B) = 0 , and the addition law simplifies to P(A U B) = P(A) + P(B) . Basic requirements of probability - correct answer ✔✔Two requirements that restrict the manner in which probability assignments can be made: 1. Bayes' theorem - correct answer ✔✔A method used to compute posterior probabilities. Classical method - correct answer ✔✔A method of assigning probabilities that is based on the assumption that the experimental outcomes are equally likely. Conditional probability - correct answer ✔✔The probability of an event given another event has occurred. The conditional probability of A given B is P(A|B) = P(A n B)/P(B). Joint probability - correct answer ✔✔The probability of the intersection of two events. Marginal probabilities - correct answer ✔✔The values in the margins of the joint probability table, which provide the probability of each event separately. Multiplication law - correct answer ✔✔A probability law used to compute the probability of an intersection:P(A n B)= P(A|B)/P(B) or P(A n B)= P(B|A)/P(A). For independent events, this simplifies to P(A n B)= P(A)P(B) . Mutually exclusive events - correct answer ✔✔Events that have no sample points in common; that is, is empty and P(A n B) = 0. intersection point = 0 Posterior probabilities - correct answer ✔✔Revised probabilities of events based on additional information Prior probabilities - correct answer ✔✔Initial probabilities of events.