Examlex
A $100,000 5-year 6% bond is issued on January 1, 2021. The bond pays interest annually. The market rate is 7%. What is the selling price of the bonds, rounded to nearest dollar?
Random Number Range
The interval within which random numbers can be generated, used in simulations and probabilistic models to represent unpredictable variables.
Monte Carlo Analysis
A computational algorithm that uses random sampling to obtain numerical results, typically used to solve problems that might be deterministic in principle.
Average Lead Time
The typical amount of time taken from the moment an order is placed until it is received, reflecting supply chain efficiency.
Poisson Distribution
A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.
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