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.