QUESTION 10

1. The RAND() function in excel models which of the following probability distributions?

   	a.	Normal distribution with mean 0 and standard deviation 1
   	b.	Uniform distribution with lower limit 0 and upper limit 1
   	c.	Normal distribution with mean -1 and standard deviation 1
   	d.	Uniform distribution with lower limit -1 and upper limit 1

QUESTION 11

1. If x is a random number between 0 and 1, then we can use x to simulate a variable that is uniformly distributed between 100 and 200 using the formula:

   	a.	100 + x
   	b.	200 - x
   	c.	100 + 100x
   	d.	200x

QUESTION 12

1. Which of the following statements is true regarding the Triangular distribution

   	a.	It is a discrete distribution with a minimum, maximum and most likely value
   	b.	It is more flexible and intuitive than the normal distribution
   	c.	It is a symmetric distribution
   	d.	All of these options

QUESTION 13

1. Solver can get stuck at a local optimum and never find the global optimum.

   True

   False