Setting Up a Probability Distribution, Building a Cumulative Probability Distribution

question 53

Multiple Choice

Setting up a probability distribution, building a cumulative probability distribution, and generating random numbers are:

• A) necessary when the underlying probability distribution is normal.
• B) three of the five steps in Monte Carlo simulation.
• C) elements of physical simulation but not mathematical simulation.
• D) the elements of the threefold idea behind simulation.
• E) advantages of simulation.

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Definitions:

Auditory

Relating to the sense of hearing or the system and structures involved in hearing.

Heuristic

A problem-solving approach using practical methods or various shortcuts to produce solutions that may not be perfect but are sufficient for the immediate goals.

Optimal Solution

The best possible outcome or answer to a problem, often found through specific methods or algorithms in mathematics, computer science, or operations research.

Visual Images

Mental representations of objects, scenes, or events that are not physically present, often used in cognitive and perceptual psychology.