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NEW QUESTION: 1
Which of the following virtual tools would be BEST for students in an online synchronous class to indicate they have a question?
A. Click the No button
B. Email the question to the instructor
C. Call the tech support line to forward the question
D. Send the question over the chat line
Answer: D
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
To complete the sentence, select the appropriate option in the answer area.
Answer:
Explanation:
NEW QUESTION: 3
Because of the large number of factors that could affect the demand for its new product, interactions among these factors, and the probabilities associated with different values of these factors, the marketing department would like to develop a computerized model for projecting demand for this product. By using a random-number procedure to generate values for the different factors, it will be able to estimate the distribution of demand for this new product. This method of estimating the distribution of demand for the new product is called
A. Correlation analysis.
B. Linear programming.
C. Differential analysis.
D. Monte Carlo simulation.
Answer: D
Explanation:
Simulation is a technique in which a probabilistic process is first modeled. The inputs to the model are then varied a large number of times to estimate the distribution of possible outcomes from the model of the variable of interest. Simulations that use a random-number procedure to generate values for the inputs are referred to as Monte Carlo simulations.