If a Simulation Begins with the First Random Number, the Third

question 6

Multiple Choice

If a simulation begins with the first random number, the third simulated value would be:
Random numbers: 0.6246, 0.2594, 0.4055
$$\begin{array} { | c | c | } \hline \text { Demand } & \text { Frequency } \\\hline 0 & 0.15 \\\hline 1 & 0.30 \\\hline 2 & 0.25 \\\hline 3 & 0.15 \\\hline 4 & 0.15 \\\hline\end{array}$$

• A) 0.
• B) 1.
• C) 2.
• D) 3.
• E) 4.

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Definitions:

Company B

A placeholder name typically used in examples or case studies to represent a hypothetical company.

Consultant's Fee

Payments made to an expert for providing professional advice or services.

Computer Equipment

Computer equipment encompasses the physical parts of a computer system, including the central processing unit, monitor, keyboard, and mouse, among other components.

Construction Loan

Short-term financing used to cover the cost of building or renovating a property until long-term financing can be secured.