In Order to Generate Random Numbers in Excel from a Discrete

question 48

Multiple Choice

In order to generate random numbers in Excel from a discrete distribution with a finite number of possible values and corresponding probabilities,we can use

• A) only the RAND function
• B) only the VLOOKUP function
• C) only the VLOOKDOWN function
• D) the RAND function along with a VLOOKUP function

Understand and apply the formula for the future value of a series of cash flows.

Solve and verify the solution of systems of linear equations.

Simplify algebraic expressions involving powers and fractions.

Solve linear equations and understand the properties of equality.

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Definitions:

Simple Structure

An organizational design characterized by a low degree of departmentalization, wide spans of control, centralized authority, and minimal formalization.

Centralized Organization

A management structure where decision-making authority is concentrated at the top levels of the organization.

Horizontal Decentralization

A management strategy where decision-making authority is distributed across various levels within the organization, often to improve responsiveness and innovation.

Machine Bureaucracy

A highly structured, formal organization model characterized by a clear hierarchy, rigid rules, and a focus on efficiency and predictability.