In Simulation Analysis, the ___________ of Random Variables Can Be

question 20

Multiple Choice

In simulation analysis, the ___________ of random variables can be adjusted to determine the impact of the assumptions about the shape of the uncertainty on the results.

• A)probability distributions
• B)ranges
• C)relative frequencies
• D)manual generations

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Definitions:

Multiple Discriminant Analysis

A statistical technique used to differentiate items or cases into groups by analyzing multiple variables simultaneously.

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and decrease waste.

Spread

Spread can refer to the difference between the bid and ask prices of financial instruments or the difference between interest rates on two different investments.