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Decision Science Practice Test Questions
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Decision Sciences is an interdisciplinary field that draws on economics, machine learning, statistical decision theory, operations research, forecasting, behavioral decision theory and cognitive psychology. Decision science focuses on making data-informed decisions. Decision science helps to analyze the impact of a decision on the business. Decision science vs Data science: Data scientists apply previous data trends of a company to build more profitable decisions and create solution models for problems. Decision scientists, on the other hand, focus on the client's requirements and forecast... Show more
Decision Science Practice Test Questions
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25 Questions

1. The solution presented in the following table is
2. Values for the probabilistic inputs to a simulation
3. In Markov analysis, we are concerned with the probability that the
4. The first step in formulating an LP problem is
5. In converting a less-than-or-equal constraint for use in a simplex table, we must add
6. In a transportation problem, when the number of occupied routes is less than the number of rows plus the number of columns -1, we say that the solution is:
7. The MODI method is used to
8. Simulation
9. The mathematical model of an LP problem is important because
10. ………. Example of probabilistic model
11. A model is
12. A solution to a transportation problem that has less than m + n − 1 cells with positive allocations in the transportation table is
13. Unboundedness is usually a sign that the LP problem
14. Given the following table that presents the solution for a queuing problem with a constant service rate, on the average, how many minutes does a customer spend in the service facility?
15. A constraint in an LP model restricts
16. A model is
17. The problem which deals with the distribution of goods from several sources to several destinations is the
18. Decision variables
19. Most of the constraints in the linear programming problem are expressed as ……….
20. While solving an LP problem infeasibility may be removed by
21. The condition that a system can be in only one state at any point in time is known as
22. While solving LP problem graphically, the area bounded by the constraints is called
23. The maximization or minimization of a quantity is the
24. Which of the following special cases does not require reformulation of the problem in order to obtain a solution?
25. Markov analysis assumes that conditions are both

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