Answer the Following Questions) Using the Analytic Solver Platform 5000

question 20

Multiple Choice

Answer the following questions) using the Analytic Solver Platform 5000 trials per simulation; use the Latin Hypercube sampling method) .
[Hint: choose the closest value.]
Consider the spreadsheet for a Monte Carlo Simulation in Excel. $$\begin{array} { | l | l | l | l | l | l | } \hline & { \text { A } } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline 1 & \text { Monte Carlo Sirnulation } & & & \text { Histarical } & \\& \text { in Exarel } & && \text { Candy Sales } & \$ 264.00 \\\hline 2 & & && 50 & \$ 264.00 \\\hline 3 & \text { Data } & & & 45 & \$ 264.00 \\\hline 4 & & & & 40 & \$ 228.00 \\\hline 5 & \text { Selling price } & \$ 18.00 & & 46 & \$ 264.00 \\\hline 6 & \text { Cost } & \$ 12.00 & & 43 & \$ 255.00 \\\hline 7 & \text { Discourt price } & \$ 9.00 & & 43 & \$ 255.00 \\\hline 8 & & && 46 & \$ 264.00 \\\hline 9 & \text { Model } & & & 42 & \$ 246.00 \\\hline 10 & & && 44 & \$ 264.00 \\\hline 11 & \text { Dernand } & 44 & & 43 & \$ 255.00 \\\hline 12 & \text { Purchase Quantity } & 44 && 47 & \$ 264.00 \\\hline 13 & & && 41 & \$ 237.00 \\\hline 14 & \text { Quantity Sold } & && 41 & \$ 237.00 \\\hline 15 & \text { Surplus Quantity } & && 45 & \$ 264.00 \\\hline 16 & & && 51 & \$ 264.00 \\\hline 17 & \text { Profit } & && 43 & \$ 255.00 \\\hline 18 & & && 45 & \$ 264.00 \\\hline 19 & & && 42 & \$ 246.00 \\\hline 20 & & && 44 & \$ 264.00 \\\hline 21 & & && 48 & \$ 264.00\\\hline 21 &&&\text { Average Profit }\\\hline\end{array}$$ $\quad$
-What is the value of mean absolute deviation?

• A) $8.91
• B) $5.45
• C) $12.35
• D) $15.64

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Definitions:

Blood Flow

The continuous circulation of blood in the cardiovascular system, delivering nutrients and oxygen to all cells and removing carbon dioxide and other waste products.

Cerebral Spinal Fluid

Cerebral spinal fluid is a clear, colorless body fluid found in the brain and spinal cord that acts as a cushion, protecting the central nervous system, and plays a role in the exchange of nutrients and waste.

Neoteny

Process in which juvenile stages of predecessors become adult features of descendants; idea derived from the observation that more recently evolved species resemble the young of their common ancestors.

Brain Cells

Cells located in the brain, including neurons and glial cells, responsible for processing information and supporting brain function.