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:

Countercyclical Payments

Government payments or subsidies, especially in agricultural policy, that increase when market prices are low and decrease when they are high, aiming to stabilize income.

Targeted Prices

Pricing strategies that aim specifically at certain segments of the market to maximize profitability and market share.

Import Quotas

Restrictions set by a country on the quantity of specific goods that can be imported within a given timeframe, aimed at protecting domestic industries.

U.S. Sugar Program

A federal government program that seeks to stabilize sugar prices and supply in the United States through mechanisms like tariffs and quota restrictions.