Examlex

Solved

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:
 Relative  Demand  Frequency 00.1510.3020.2530.1540.15\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:


Definitions:

Concept

An abstract idea or a mental symbol typically representing something recognizable from real life but understood universally.

Concept

A general idea or understanding that is derived from specific instances.

Referent

The specific entity or idea that a word or expression is referring to.

Tool

An instrument or mechanism that can be used to produce or achieve something, often implying utilization for a specific function or task.

Related Questions