Criticize the Following Simulation: a Student Uses a Random Number

question 9

Multiple Choice

Criticize the following simulation: A student uses a random number from 1 to 13 to simulate the value of a card drawn at random from a standard deck of playing cards.

• A)The simulation will not model the real situation.The simulation should use random numbers from 1 to 12.
• B)The simulation will not model the real situation.In reality,there are less "face" cards than cards with numbers.
• C)The simulation might not model the real situation.The deck may not be shuffled,in which case the real situation may not be random.
• D)No criticism.The simulation should model the real situation.
• E)The simulation will not model the real situation.The simulation must also account for the card's suit.

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Definitions:

Tax Liability

The total amount of tax that an individual or a corporate entity owes to a tax authority.

Capital Gains

Capital gains are the profit earned from the sale of an asset, such as stocks, bonds, or real estate, which exceeds the purchase price.

Tax Tables

Charts or tables provided by tax authorities that show the amount of tax payable based on income earned, used to calculate tax liabilities.

Shareholders' Wealth

The total value of a company's shares, reflecting the overall financial well-being and investment attractiveness of the company to its shareholders.