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Author Question: Any optimization model is completely deterministic, that is, no inherent risk exists in using the ... (Read 121 times)

DelorasTo

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on: Jun 24, 2018
Any optimization model is completely deterministic, that is, no inherent risk exists in using the optimal solution obtained from the model.
 
  Indicate whether the statement is true or false

Question 2

The produce manager for a large retail food chain is interested in estimating the percentage of potatoes that arrive on a shipment with bruises. A random sample of 150 potatoes showed 14 with bruises.
 
  Based on this information, what is the margin of error for a 95 percent confidence interval estimate?A) 0.0933
  B) 0.0466
  C) 0.0006
  D) Can't be determined without knowing .
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
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javimendoza7

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


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