You Would Like to Develop a Simulation Model for Estimating

question 44

Multiple Choice

You would like to develop a simulation model for estimating the time until failure of a product.Which distribution is most appropriate for your model?

• A)Binomial
• B)Gamma
• C)Normal
• D)Chi-square

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Definitions:

Accounts Receivable Turnover Ratio

A financial metric indicating how effectively a company extends credit and collects debts on that credit; calculated by dividing net credit sales by average accounts receivable.

Inventories

Quantities of goods, raw materials, work-in-progress, and finished products that a company holds for the purpose of sale or production.

Accounts Receivable Turnover Ratio

A financial metric assessing how efficiently a company collects its receivables, calculated as net credit sales divided by average accounts receivable.

Accounts Receivable Turnover Ratio

A financial ratio indicating how efficiently a company collects on owed credit sales over a period.