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cloudddddd cloudddddd
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6 years ago
Running the Tornado Charts tool before the Monte Carlo simulation helps in ________.
 
  A) specifying correlation coefficients that define dependencies between assumptions
  B) fitting continuous distributions from the empirical distribution of the data
  C) screening out assumptions that would have little impact on the forecast
  D) estimating the sampling distribution of any statistic, even an unconventional one such as the minimum or maximum endpoint of a forecast

Q. 2

All of the following are examples of discrete random variables except ________.
 
  A) the income of an American family
  B) the outcomes from rolling dice
  C) the rating of customer satisfaction on a scale of 1 to 10
  D) the number of apples in a basket

Q. 3

Determine the equality/inequality that explains the demand constraint for the distribution center in Dallas.
 
  A) X14 + X24 = 950
  B) X41 + X42 = 950
  C) X11 + X44  950
  D) X41 + X42  450

Q. 4

A small engine repair shop tracks the number of customers who call each day. This variable is a time-series variable and also ratio level.
 
  Indicate whether the statement is true or false
Textbook 
Statistics, Data Analysis, and Decision Modeling

Statistics, Data Analysis, and Decision Modeling


Edition: 5th
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meepmeepboymeepmeepboy
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6 years ago
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cloudddddd Author
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#2
6 years ago
This helps so much, thank you for responding so quickly...
wrote...
#3
6 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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