## Test your basic knowledge |

**Instructions:**

- Answer 50 questions in 15 minutes.
- If you are not ready to take this test, you can study here.
- Match each statement with the correct term.
- Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

**1. What is the difference between price and cost?**

**2. Name two uncertainties accounted for by UTE. What metric does UTE use to quantify this risk?**

**3. What is satisficing - what is optimizing?**

**4. What are the different types of UTEs?**

**5. TIES Step 1: Problem Definition**

**6. What is the goal of robust design?**

**7. With 15 technologies - what is the number of possible combinations?**

**8. What is the definition of ROI?**

**9. MADM**

**10. Direct Operating Costs**

**11. Why do we use a sample?**

**12. Why is the normal distribution useful or important?**

**13. 3 Measures of Central Tendency (& Defs)**

**14. Show and explain a pareto frontier**

**15. TIES**

**16. Weaknesses of TOPSis...**

**17. TIES Step 8: Selecting Technology**

**18. How is inflation measured?**

**19. What is another name for a normal distribution?**

**20. What does the CLT state - be specific!**

**21. $/RPM Equation**

**22. What is the notation for a standard normal distribution?**

**23. What is the equation for OEC if X is a benefit (maximize) and N is a cost (minimize)?**

**24. What are properties of a CDF?**

**25. What are the three snapshots of UTE?**

**26. TIF**

**27. How do you get the CDF from the PDF?**

**28. What does CDF stand for?**

**29. Ratio scale**

**30. You have a group of 5 dice. You roll the groups and sum the results of the 5 dice 4 times. What is the sample size? What are you sampling?**

**31. 8 Steps in TIES**

**32. MODM**

**33. If you have a two values on a CDF what is the probability of getting a value between them?**

**34. What two variables are necessary to define a normal distribution?**

**35. What is the equation for the learning curve?**

**36. 3 Probabilistic Design Methods**

**37. What can be done about uncertainty in requirement?**

**38. What is TCM? What is the size and what value can it take?**

**39. If you have two compatible mature technologies to infuse - or one not mature technology - which will have the most variance?**

**40. Define fixed cost and variable cost.**

**41. Name the advantages of UTE.**

**42. Why use uniform dist for input variables (Gap Analysis)**

**43. What is the definition of CDF?**

**44. 4 Measures of Dispersion**

**45. What can management do to mitigate the risk associated with infusing new technologies?**

**46. What is the normal distribution that results from adding x+y and x[sub]y?**

**47. Other than infusing technologies - how can you create design space?**

**48. What are the four difference life cycle costs?**

**49. interval scale**

**50. What is probability density contour plot**