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Author Question: From a portion of a probability distribution, you read that P(demand = 0) is 0.05 and P(demand = 1) ... (Read 29 times)

aabwk4

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on: Dec 3, 2019

Question 1

Which of the following is not a step in running a Monte Carlo simulation?
◦ building a cumulative probability distribution for each variable
◦ establishing an interval of random numbers for each variable
◦ generating random numbers
◦ setting up a probability distribution for important variables
◦ All of the above are steps in running a Monte Carlo simulation.

Question 2

From a portion of a probability distribution, you read that P(demand = 0) is 0.05 and P(demand = 1) is 0.10. The cumulative probability for demand 1 would be
◦ 0.10.
◦ 0.05.
◦ 0.075.
◦ 0.15.
◦ cannot be determined.
Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
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Marked as best answer by aabwk4 on Dec 3, 2019

kaillie

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aabwk4

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review

Laurenleakan

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Reply 3 on: Yesterday
Excellent

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