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Author Question: What is the definition of a random sample? a. It is a distinct possible result of an experiment. ... (Read 43 times)

Davideckstein7

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on: Jun 24, 2018
What is the definition of a random sample?
 a. It is a distinct possible result of an experiment.
 
  b. It is a collection of distinct possible results of an experiment.
 
  c. A sample that is taken in such a way that any possible sample of a given size has the same probability of being selected.
 
  d. It is the sample that has the greatest probability of being selected.

Question 2

In bidding models, the simulation input variable is the number of competitors who will bid.
 a. True
  b. False
   Indicate whether the statement is true or false


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wergv

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c

Answer to Question 2

FALSE


Davideckstein7

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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