March, 2022
The simulation method developed on the basis of the principle of experiments, which makes use of sampling and probability distribution theories, is called _________.
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March, 2022 ATS Part II Quantitative Analysis Past Questions
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March, 2022
If two coins and a die are tossed together, then the number of elements in the sample space is _____.
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March, 2022
The probabilities of candidate A and candidate B passing an interview are respectively 0.6 and 0.75. The probability that only one will pass the interview is ____________.
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March, 2022
In transportation problem analysis, the condition that arises when the number of filled (occupied)cells is less than the number of rows (m) plus the number of columns (n) minus one, is known as _______.
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March, 2022
If every item is replaced during a single stoppage whether it has failed or not, then the process is called __________.
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March, 2022
The aim of the marginal function is to measure the extra amount of resources it takes to produce _____.
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March, 2022
The process of eliminating the trend from the observed series is called ________.
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March, 2022
The variables involved in any Operations Research technique can be grouped into ________ and _______.
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March, 2022
The total monthly revenue of Layink enterprise (in Naira) is given by the equation R = 300,000(0.5)0.7x, where x(N'000) is the amount spent on overheads. What is the maximum revenue?
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March, 2022
The type of data involving the record of the number of passengers on a train is called ______.
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March, 2022
An inventory model in which all factors are known with certainty is called ________.
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March, 2022
A solution in which there are at most m zero values in a linear programming problem that has n variables and m constraints (m<n) is known as the _______.
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March, 2022
To solve a Linear Programming problem, using simplex method, the two variables that are used to convert an INEQUALITY constraint to an EQUALITY constraint are ________ and ________.
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March, 2022
The coefficient of skewness is ................ for an asymmetrical distribution.
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March, 2022
An arrangement whereby a fixed amount of money is paid in exchange for regular amounts to be received at fixed interval for a specific period is called _____
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March, 2022
In a competitive market, the supply price is P1 = 3+\(\frac{1}{4}\)q and demand price is P2 = 15-\(\frac{3}{4}\)q. Determine the market price at equilibrium.
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March, 2022
The coefficient of skewness is _______ for a symmetrical or normal distribution.
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March, 2022
The probability of rejecting the null hypothesis when it is true is __________.
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March, 2022
The deposits (N ‘000) of a certain group of customers in a microfinance bank on a particular day are 13, 19, 16, 15, 14, 26 and 16. The average of the mean and the median deposits is _____.
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March, 2022
The type of correlation that exists between two variables when an increase in one variable is associated with a decrease in the other variable is called _________.
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