Quantitative Analysis for Management, 13/e

Self-Test

• Before taking the self-test, refer to the learning objectives at the beginning of the chapter, the notes in the margins, and the glossary at the end of the chapter.

• Use the key at the back of the book (see Appendix H) to correct your answers.

• Restudy pages that correspond to any questions that you answered incorrectly or material you feel uncertain about.

1. If only one event may occur on any one trial, then the events are said to be

   1. independent.

   2. exhaustive.

   3. mutually exclusive.

   4. continuous.

2. New probabilities that have been found using Bayes’ Theorem are called

   1. prior probabilities.

   2. posterior probabilities.

   3. Bayesian probabilities.

   4. joint probabilities.

3. A measure of central tendency is

   1. expected value.

   2. variance.

   3. standard deviation. ...