A cumulative distribution function, F(x), is a probability distribution in which ________.
A) the probability of random variable X is a fixed constant
B) the probability of random variable X is for a value less than or equal to a specified value, x
C) the total of the probabilities of all outcomes totals between 1 and 2
D) the probability of random variable X is for a value greater than or equal to a specified value, x
Question 2
Optimum consulting is concerned about the maximum project time in one of their project management models. Using simulation, they found an estimate of the maximum project time to be about 364 days.
To better understand the variability, Optimum consulting has used ________ that estimated the accuracy of the forecast statistics shown in the statistics view of the simulation results.A) Scenario Analysis tool
B) Decision Table tool
C) 2D Simulation tool
D) Bootstrap tool
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