Dave Could Not Remember the Last Digit of His Friend's

question 57

Multiple Choice

Dave could not remember the last digit of his friend's cell phone number, so he kept trying different digits until he found the right one. In this scenario, which of the following methods did Dave use?

• A)The systematic random search algorithm.
• B)Cannon's algorithm.
• C)Dijkstra's algorithm.
• D)The minimum degree algorithm.

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Definitions:

Time Period

A specific duration for which economic data is measured or observations made.

Time-Value

The idea that having money now is more valuable than having the same sum in the future because of the potential to earn more over time.

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Compounding

The process whereby interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest.