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Have a few questions I need help with. Each question needs its own answer and its own reference:
Q1. What key factors of a business situation indicate the need for simulation (versus the other modeling techniques covered in the course).
Q2. What is Monte Carlo Simulation? Where do the name come from? What does it consist of?
Q3. What is the difference between Simulation and modeling? Please explain.
Q4. As our text points out, Simulation has the tendency to be very complicated and expensive in its model creation. How do we handle this? What in your opinion then justifies doing Simulation?
How many years it will take you to quadruple (means 4 times) your money if you can earn 13.95% each year?
Probability of payment before creation of credit policy, Mucklehoney Sports operates a mail-order running shoe business.
What is the probability that a bill currently on John's desk will be paid within two days?
Solve the following eigenvalue problem for the eigenvalues and eigenfunctions: y'' + λy = 0,
a find all solutions of the equation z2 3 4i 0 by setting z a bi for some real numbers a and b.b solve z2 z 1 i
If the price of an item drops 10 cents per dozen, it becomes possible to buy 2 dozen more items for $6.00 than was possible at the original price. Find the original price.
Find a home that is for sale in your area (purchase price must be at least $20,000). Include the link that will take the class to the webpage for the home. •You will finance 80% of the purchase price. Using 5% as the interest on your 30-year fixed ra..
in 2004 a sample of 250 household in ny showed that 62 paid their monthly phone bills by debit card. in 2009 a sample
what is the probability of not drawing a black card which is an Ace, a Two or a Three?
The expected gains & losses under each economic type of conditions are shown in the following table.
Determine the fourier series for the function:- F(x) = 2x in the range -pi to pi and are periodic the the period 2pi. Sketch both the expected and fourier series graphs and use mathcad to check
A plane flies 430 miles with the wind and 310 miles against the wind in the same length of time. If the speed of the wind is 30mph, what is the speed of the plane in still air?
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