Gaussian Quadrature Is

question 14

Multiple Choice

Gaussian quadrature is

• A) A quadratic spline approximation to a normal distribution
• B) A way to approximate an integral of a function of a normally distribute variable as a sum of terms
• C) A procedure for speeding up Monte Carlo simulation when credit derivatives are valued
• D) An alternative to a look up table to determining values of the cumulative normal distribution

---

Definitions:

Appraisal

The process of professionally estimating the value of a property, typically performed by a certified appraiser.

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Purchase Price

The purchase price is the amount of money paid to buy an asset, product, or service.

Ethically

Acting in ways considered morally right and professionally appropriate according to standards of conduct.