COMMERCE 3QA3 Midterm: brs_mdm3_tif_ch10
13 Feb 2019
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10. 1 chapter questions: john smith is planning to refinance his home mortgage to take advantage of the lower current interest rates. As part of the refinancing application, the bank needs to appraise mr. smith"s home. Mr. smith expects an appraisal of at least ,000 but no more than ,000. ,000 have the same probability of being the actual appraised value. What is the appropriate distribution for simulating appraisal values: continuous uniform, triangular, binomial, discrete uniform, normal. Difficulty: moderate: what is the correct distribution for simulating the outcome of a single coin, continuous uniform, triangular, binomial, exponential, normal. Difficulty: moderate: the technique of randomly generating values for unknown elements in a model using random sampling is known as ________, optimization, markov analysis, discrete-event simulation, simulation gaming, monte carlo simulation. 1: what distribution is appropriate for simulating the event of rolling a single die, continuous uniform, triangular, binomial, discrete uniform, normal. Difficulty: moderate: a five-star hotel accepts 100 room reservations daily.
