A major automobile maker has two models of sedans. The first model has been shown to get an average of 27 mpg on the highway with a standard deviation equal to 5 mpg. The second model gets 33 mpg on average with a standard deviation of 8 mpg.
Based on this information the first car model is relatively more variable than the second car model. Indicate whether the statement is true or false
Question 2
In Crystal Ball, Latin Hypercube sampling results in a more even distribution of forecast values than Monte Carlo forecasting because it samples the entire range of the distribution in a more consistent manner.
Indicate whether the statement is true or false