Consider the Following Frequency of Demand and Random Numbers Random Numbers: 0

question 64

Multiple Choice

Consider the following frequency of demand and random numbers:
$$\begin{array}{l}\begin{array} { c c } &\text { Relative }\\\text { Demand } & \text { Frequency } \\\hline 0 & 0.15 \\1 & 0.30 \\2 & 0.25 \\3 & 0.15 \\4 & 0.15\end{array}\end{array}$$ Random numbers: 0.13, 0.81, 0.53.
-If the simulation begins with the first random number, the simulated value for demand would be:

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Corporate Opportunity

A business opportunity that a company has a legal interest in or right to, which an officer or director cannot take for their personal gain without breaching their fiduciary duty.

Conglomerate

A large corporation formed by the merger of separate and diverse firms, focusing on a wide range of business activities and markets.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.