Which of the following is NOT a step in running a Monte Carlo simulation?

A) setting up a probability distribution for important variables
B) building a cumulative probability distribution for each variable
C) establishing an interval of random numbers for each variable
D) generating random numbers
E) All of the above are steps in running a Monte Carlo simulation.


E

Business

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Business ____________________ is the systematic process of collecting, interpreting, and presenting numerical data about business situations.

Fill in the blank(s) with the appropriate word(s).

Business

A person in an organization who continually questions is interested in changing the status quo, and frequently delivers praise to others is a ______.

a. manager b. leader c. role player d. mindful person

Business

A statistic that describes a location within a data set is a ________

A) measure of variability B) measure of shapes C) measure of occasion D) measure of location

Business

In expectancy theory, ______ is the person’s perception of their ability to accomplish or probability of accomplishing an objective.

A. expectancy B. equity C. reward D. motivation

Business