The Normal Distribution Is Often Used in Simulation Models Because

question 11

True/False

The normal distribution is often used in simulation models because it is the most common distribution in statistics and it does not allow negative values.

---

Definitions:

Deficiency Judgment

A court order that holds a borrower personally liable for the shortfall when the sale of a foreclosed property does not cover the outstanding loan balance.

Sale

The passing of title from a seller to a buyer for a price.

Real Property

Land and anything permanently attached to it, such as buildings and trees, considered a form of real estate.

Attachment Process

A legal procedure used by a creditor to seize the property of a debtor in order to satisfy a judgment.