πŸ“Š Quantitative Techniques for Business
Q. Which of the following are the advantage/s of Decision Trees?
  • (A) Possible Scenarios can be added
  • (B) Use a white box model, If given result is provided by a model
  • (C) Worst, best and expected values can be determined for different scenarios
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (D) All of the above
πŸ“Š Quantitative Techniques for Business
Q. What is Decision Tree?
  • (A) Flow-Chart
  • (B) Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
  • (C) Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
  • (D) None of the mentioned
πŸ’¬ Discuss
βœ… Correct Answer: (C) Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
πŸ“Š Quantitative Techniques for Business
Q. A _________ is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
  • (A) Decision tree
  • (B) Graphs
  • (C) Trees
  • (D) Neural Networks
πŸ’¬ Discuss
βœ… Correct Answer: (A) Decision tree
πŸ“Š Quantitative Techniques for Business
Q. When the values of two variables move in the opposite direction, correlation is said to be ........................
  • (A) Positive
  • (B) Negative
  • (C) Linear
  • (D) Non-linear
πŸ’¬ Discuss
βœ… Correct Answer: (B) Negative
πŸ“Š Quantitative Techniques for Business
Q. Correlation analysis is a ............................analysis.
  • (A) Univariate analysis
  • (B) Bivariate analysis
  • (C) Multivariate analysis
  • (D) Both b and c
πŸ’¬ Discuss
βœ… Correct Answer: (D) Both b and c
πŸ“Š Quantitative Techniques for Business
Q. The word correlation usually implies.............................
  • (A) Cause and effect relationship
  • (B) Mutual interdependence
  • (C) Both
  • (D) None of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Both
πŸ“Š Quantitative Techniques for Business
Q. C.P.M. stands for..........................................................
  • (A) Critical Process Method
  • (B) Critical Performance Measurement
  • (C) Critical Path Method
  • (D) Critical Programme Method
πŸ’¬ Discuss
βœ… Correct Answer: (C) Critical Path Method