1. What numbers does =rand() deliver in excel. a. Any number you want b. All numbers...

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1. What numbers does =rand() deliver in excel. a. Any number you want b. All numbers...

1. What numbers does =rand() deliver in excel.

a. Any number you want

b. All numbers from 0 to 1, inclusive, [0<1].

2. If the measures/inputs of a system are stochastic, should the output of a system analysis be deterministic or stochastic?

a. deterministic

b. stochastic

3. What is the true power of MC?

a. Generates data based on stocastic variables.

b. Good for winning at poker.

4. Can the output of one MC simulation immediately be used as the input of a subsequent MC?

a. Yes

b. No

business Operations-Management

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Answer 1

Answer #1

1. What numbers does =rand() deliver in excel.

Correct answer is "b. All numbers from 0 to 1, inclusive, [0<1]."

2. If the measures/inputs of a system are stochastic, should the output of a system analysis be deterministic or stochastic?

Correct answer is "b. stochastic"

A stochastic process means that one has a system for which there are observations at certain times, and that the outcome, that is, the observed value at each time is a random variable.

3. What is the true power of MC?

Correct answer is "a. Generates data based on stocastic variables."

Monte Carlo simulation is one example of a stochastic mode.

4. Can the output of one MC simulation immediately be used as the input of a subsequent MC?

Correct answer is "a. Yes"

Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.

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Declare an array with 1000 elements of type int Then in a loop generate 1000 random numbers and assign one to each element in the array The random numbers should be between 1 and 50 Then, prompt the user to enter a number, store this number in a local

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1. What numbers does =rand() deliver in excel. a. Any number you want b. All numbers...

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Add Answer to: 1. What numbers does =rand() deliver in excel. a. Any number you want b. All numbers...

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​Declare an array with 1000 elements of type int Then in a loop generate 1000 random numbers and assign one to each element in the array The random numbers should be between 1 and 50 Then, prompt the user to enter a number, store this number in a local

You will write a two-class Java program that implements the Game of 21. This is a...

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Add Answer to:
1. What numbers does =rand() deliver in excel. a. Any number you want b. All numbers...

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