Compare and contrast algorithm and heuristic
What will be an ideal response?
An algorithm is a step-by-step procedure for solving a problem in a finite number of steps. An heuristic, in this context, has two related definitions: a problem-solving technique in which a solution is selected by weighing alternatives; an algorithm for solving problems by learning from the results of previous attempts to solve the same problem.
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The probability that a continuous random variable takes any specific value
a. is equal to zero b. is at least 0.5 c. depends on the probability density function d. is very close to 1.0
The t-distribution allows the calculation of confidence intervals for means for small samples when the population variance is not known, regardless of the shape of the distribution in the population
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. When computing an interest or growth rate, the rate will decrease with an increase in future value, holding present value and the number of periods constant. 2. When computing an interest or growth rate, the rate will increase with a decrease in future value, holding present value and the number of periods constant. 3. When computing the number of deposits needed to accumulate to a future sum, it will take longer if the interest rate decreases, holding the future value and deposit size constant. 4. When computing the number of deposits needed to accumulate a future sum, it will take longer if the interest rates are higher, holding the future value and deposit size constant.
The gross domestic product (GDP) measures ________
A) the overall market value of final goods and services produced in a country in a given year B) the overall gross profit a country earns in a given year C) a country's overall income resulting from production in a year D) a country's overall expenditures in a given year E) a country's overall increase in profitability from one year to the next