Question: 8 4 . In an exponential smoothing forecast, the weight associated with older data increases exponentially over time. 8 5 . A farmer develops a
In an exponential smoothing forecast, the weight associated with older data increases exponentially over time.
A farmer develops a simple regression model to determine if there is a relationship between the amount of crop that he will harvest and the amount of rainfall. In this example, the variable "rainfall" would be the dependent variable.
The smaller the value of the standard error of the regression estimate, the better the fit of the regression model.
Which of the following correctly describes the focus of the Critical Path Method CPM
a To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
b To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
c To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
d To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
Which of the following correctly describes the focus of the Program Evaluation and Review Technique PERT
a To order activities in a project in terms of their completion time to facilitate scheduling of the activities.
b To determine when a project should be completed and to schedule when each activity in the project must begin in order to keep the project on schedule.
c To estimate the probability of completing a project by a given deadline when the time required to perform the activity is essentially a random variable.
d To structure the activities of a project in order to eliminate or reduce critical dependencies among the activities.
If we are employing ActivityOnNode AON network design, the arcs in the network diagram represent
a significance relationships.
b precedence relationships.
c tasks to complete.
d task times.
Which of the following definitions correctly defines the acronym, PERT?
a Program Evaluation and Review Technique.
b Process Evaluation and Review Technique.
c Program Evaluation and Reduction Technique.
d Program Explanation and Reduction Technique.
What are the immediate predecessors of activity D in this network?
a A B C
b B C
c E F
d E G H
What are the immediate successors of activity D in this network?
a A B C
b B C
c E F
d E
How many paths are there in the following project precedence network?
a
b
c
d
There are various similarities between the CPM and PERT methods. Which of the following is not one of those similarities?
a Any project can be broken down into component activities that require different amounts of time.
b Any project can be broken down into component activities that must be accomplished in a specific order.
c Both techniques use the same method to calculate the time element of the activities in the project.
d Both require a detailed network of the project that clearly indicates each of the main activities and the precedence relationship among the activities.
The longest path through a network is comprised of the activities.
a longest
b essential
c mandatory
d critical
The critical path is the path throughout the network.
a longest
b most expensive
c shortest
d least expensive
Which of the following is true regarding projects?
a Projects can have a unique start activity and a unique finish activity.
b Projects can have multiple start activities and a unique finish activity.
c Projects can have multiple start and finish activities.
d All of these are true regarding projects.
What is the earliest start time for activity D in the following diagram?
a
b
c
d
What is the latest finish time for activity D in the following diagram?
a
b
c
d
Noncritical activities are distinguished by the presence of
a positive slack.
b idle resources.
c wasted time.
d zero slack.
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