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

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Definitions:

Agent

An individual or entity authorized to act on behalf of another, often in a business transaction, representing their interests.

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a business.

Limited Liability

Limited liability is a legal structure where a company's owners are not personally liable for the company's debts or liabilities beyond their initial investment.