Suppose we set the Random Numbers applet to generate one number between 1 and 100, inclusive. We
Question:
Suppose we set the Random Numbers applet to generate one number between 1 and 100, inclusive. We let the value of the random variable x be the number generated when the Sample button is clicked. Explain why the distribution of x is approximately uniform even though x is a discrete rather than continuous random variable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The distribution of x is approximately uniform because the Random Numb...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9781292227085
13th Global Edition
Authors: Terry Sincich James Mcclave, P. George Benson
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
One way of selecting an SRS is to assign a number to every unit in the population, then use a random number table to select units from the list. A page from a random number table is given in file...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
What aspects of control must exist before a subsidiary is consolidated?
-
Compute the average heat transfer coefficient hc for 10?C water flowing at 4 m/s in a long, 2.5-cm-ID pipe (surface temperature 40?C) by three different equations and compare your results. Also...
-
Bunill Company has two fringe benefit plans for its employees: 1. It grants employees 2 days vacation for each month worked. Ten employees worked the entire month of March at an average daily wage of...
-
A photon with a wave-length of 410 nm has energy E photon = 3.0 eV. Do you expect to see a spectral line with = 410 nm in the emission spectrum of the atom represented by this energy-level diagram?...
-
Kat Ltd.s September balance sheet contains the following information: Cash.............................................................................$ 37,500 (dr) Accounts...
-
Many manufacturers are now increasingly combining both offline and online channels to bring their products to customers. In your opinion, what are these companies trying to achieve with such a move?...
-
For the following examples, decide whether x is a binomial random variable. a. You randomly select 3 bonds out of a possible 10 for an investment portfolio. Unknown to you, 8 of the 10 will maintain...
-
Suppose you work for an insurance company, and you sell a $10,000 oneyear term insurance policy at an annual premium of $290. Actuarial tables show that the probability of death during the next year...
-
A recent marketing and promotion campaign by Charles of the Ritz more than doubled the sales of the suntan lotion Bain de Soleil, which has become the nation's number 2 suntan product. At the end of...
-
Which label most accurately describes the American economy? a) socialist b) purely capitalist c) predominately capitalist d) fascist e) communist
-
When you drive, rather than walk or take public transportation, you incur social costs such as ______.
-
An individual can build up his or her capital ______. a) by working longer hours only b) by cutting back on consumption only c) by both cutting back on consumption and working longer hours d) by...
-
Where is a price ceiling with respect to equilibrium price? What will be the relative size of quantity demanded and quantity supplied?
-
Which statement is the most accurate? a) Most of the worlds economies are close copies of the American capitalist model. b) The Chinese economy can best be described as democratic socialist. c)...
-
What functions does the security technician perform, and what are the key qualifications and requirements for the position?
-
How is use of the word consistent helpful in fraud reports?
-
Compute the coefficients b1 and b2 for the regression model y`i = b0 + b1x1i + b2x2i given the following summary statistics. a. rx1y = 0.60, rx2y = 0.70, rx1x2 = 0.50, sx1 = 200, sx2 = 100, sy = 400...
-
Use the data in the file Citydatr to estimate a regression equation that can be used to determine the marginal effect of the percent of commercial property on the market value per owner-occupied...
-
The administrator of the National Highway Traffic Safety Administration (NHTSA) wants to know if the different types of vehicles in a state have a relationship to the highway death rate in the state....
-
Please help in creating this code using MongoDB (NoSQL) thank you! 1. Create a collection for a product (it could be anything: be creative!) 2. Insert 5 documents using insertOne. (Have to insert...
-
Link Prediction: Comprehensive Choice Strategy For the graph given below: (i) Identify the top 3-ranked node pairs that could be connected with a link under each of the following link prediction...
-
Identify the functions to describe a secure Network Infrastructure Plan, including a detailed diagram of the recommended security architecture of the network. Create a table listing security...
Study smarter with the SolutionInn App