Which of the Following Statements Are False Regarding the Numbers

question 69

Multiple Choice

Which of the following statements are false regarding the numbers generated by the RAND function in Excel^®?

• A) The numbers are random between 0 and 1.
• B) The numbers are probabilistically dependent.
• C) The numbers are probabilistically independent.
• D) The numbers are uniformly distributed between 0 and 1.

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Definitions:

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the financial, operational, and marketing plans.

Operating Plan

A detailed outline of a company's goals, strategies, and projected financial actions within a specific period, usually part of the overall business plan.

Planning Assumption

An assumption about the future on which a business plan is based. The assumption must be reflected in the firm’s financial projections by calculating the specific financial statement figures it implies.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically detailed in an income statement, a balance sheet, and a statement of cash flows.