Author Question: A major automobile maker has two models of sedans. The first model has been shown to get an average ... (Read 93 times)

SAVANNAHHOOPER23 · **on:** Jun 24, 2018

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