Complete the Following Table in Preparation for a Monte Carlo

question 13

Essay

Complete the following table in preparation for a Monte Carlo simulation. A random number of 42 is generated, what is the demand?
$$\begin{array} { | c | c | c | c | } \hline \text { Demand } & \text { Probability } & \begin{array} { c } \text { Cumulative } \\\text { Probability }\end{array} & \begin{array} { c } \text { Interval of Random } \\\text { Numbers }\end{array} \\\hline 0 & & .2 & \\\hline 2 & & & 21 - 40 \\\hline 3 & & 4 & \\\hline 4 & & & \\\hline & & & 85 - 100 \\\hline\end{array}$$

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Definitions:

Alpha Bias

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Beta Bias

A tendency in research and analysis to minimize or ignore differences between groups, potentially leading to generalized and inaccurate conclusions.

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Individuals who innately possess a tendency or ability to provide care and support to others in a compassionate manner.

NCDA Policy

Guidelines and stances established by the National Career Development Association that govern the practice and ethics of career development professionals.