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 to correct your answers.

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

1. If the states in a system or process are such that the system can be in only one state at a time, then the states are

   1. collectively exhaustive.

   2. mutually exclusive.

   3. absorbing.

   4. disappearing.

2. The product of a vector of state probabilities and the matrix of transition probabilities is

   1. another vector of state probabilities.

   2. a meaningless mess.

   3. the inverse of the equilibrium state matrix.

   4. all of the ...