Setting Up a Probability Distribution, Building a Cumulative Probability Distribution

question 53

Multiple Choice

Setting up a probability distribution, building a cumulative probability distribution, and generating random numbers are:

• A) necessary when the underlying probability distribution is normal.
• B) three of the five steps in Monte Carlo simulation.
• C) elements of physical simulation but not mathematical simulation.
• D) the elements of the threefold idea behind simulation.
• E) advantages of simulation.

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Definitions:

Individual Creativity

The ability or process of creating unique and novel ideas or products by an individual.

Group Framework

An organizational or structural setup within which a group operates, including roles, norms, and relationships among members.

Extrinsic Factors

External variables or circumstances that influence behavior or performance, not inherent to the individual.

Brainstorming

A type of spontaneous group discussion to help find multiple solutions to problems.