Computers Generate Pseudorandom Numbers

question 11

Multiple Choice

Computers generate pseudorandom numbers.Can these numbers be used as random numbers? Why or why not?

• A)No.Only truly random numbers can be used in statistics.
• B)Yes.They are virtually indistinguishable from truly random numbers.
• C)Yes,so long as the program that generates them does not allow the repetition of numbers in back-to-back sequence.
• D)No,because they are generated in a fixed sequence.
• E)Yes,so long as the program that generates them ensures that all of the prospective numbers are eventually used.

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Definitions:

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services offered matches the amount requested.

Supply Falls

A condition in which the quantity of a product or service available in the market decreases, potentially leading to higher prices.

Surplus

The condition that occurs when supply exceeds demand, often resulting in a decrease in prices.

Shortage

A situation where the demand for a good or service exceeds its supply in a market.