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2. In the Monte Carlo process, values for a random variable are generated by
sampling from a probability distribution.
True
False
6. A random variable that can take on any value along a line segment is a
continuous random variable.
True
False
States of nature should be defined so that one and only one will actually occur.
True
False
9. Time series methods base forecasts only on past values of the variables.
True
False
10. Random variations are movements that are not predictable and follow no pattern.
True
False
a-maximin regret.
b-maximax regret.
c-minimax regret.
d-minimin regret.
a- joint.
b- subjective.
c- marginal.
d- binomial.
18. Employees of a local company are classified according to gender and job type.
The following table summarizes the number of people in each job category.
a- .1667
b-.5
c- .6
d- .625
e- .7