In Modeling a Simulation, Random Numbers from 00 to 99

question 55

Multiple Choice

In modeling a simulation, random numbers from 00 to 99 are assigned with the intervals determined from frequency distributions for each behavior occurrence.Assume there are two behaviors, X and Y, out of 50 tallies.On behavior X you record 20 tallies, and on behavior Y you record 30 tallies.Which of the following is a correct random-number interval for behavior X?

• A)00 to 19
• B)01 to 20
• C)00 to 39
• D)41 to 61
• E)45 to 100

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Definitions:

Excise Tax

A tax levied on the manufacture, sale, or consumption of specific goods within a country, such as alcohol, tobacco, and gasoline.

Demand Curves

Graphs that depict the relationship between the price of a product and the quantity of the product that consumers are willing to purchase at that price.

Supply Curves

Graphical representations that show the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale.

Equilibrium Quantity

The quantity of goods or services that is supplied equals the quantity demanded at the market equilibrium price, at which point there is no tendency for the market price to change.