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- Bad simulations Explain why each of the followingsimulations fails to model the real situation properly:a) Use a random integer from 0 through 9 to representthe number of heads when 9 coins are tossed. b) A basketball player takes a foul shot. Look at a ran-dom digit, using an odd digit to represent a good shot and an even digit to represent a miss.c) Use random numbers from 1 through 13 to represent thedenominations of the cards in a five-card poker hand.Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficientHow can we execute the Solver and interpret results from the reports provided by the program
- What is the Eichleay Formula used for?A process of combined data simulation and model fitting used for evaluating therobustness, uniqueness, and sensitivity of parameters obtained from an inverse model of interest.The following data relate the sales figure of the bar in Mark Kaltenbach's small bed- and -breakfast inn in portland, to the number of guest registered that week: week guests bar sales 1 16 $320 2 12 $265 3 18 $390 4 14 $315 a) the simple linear equation that relates bar sales to the number of guests ( not totime) is (round your response to one decimal place) Bar sales=[__]+[__]X guest
- Which of the following is/are linear function(s) of x, y, z? 2x A. y B. TTX + ey = 3z y- 3z C. 3x2 Select one: None A B. A and C All A and B B and CPlease show step by step how to solve this. Assume, X = Z Y = A Z = HQ) The sin() function can be evaluated by the following infinite series: x3 sin x = x - 3! 5! Create an M-file to implement this formula so that it computed and displays the values of sin(x) as each term in the series is added up to fifteenth order. For each step, compute and display the percent relative error as following: true – series approximation %error x 100% true
- In Continuous manufacturing system, we need: Unskilled labours and special machine tools Special purpose machines and Skilled labours Highly skilled labours and special machine tools Unskilled labours and semi automatic machinesestablish the significance of random numbers in Monte Carlo simulations.1. A valid reason for using simulation model is: a. analyze relationship between the variables which are linear b. obtain optimized solutions c. conduct experiments without disrupting the real system d. avoid making assumptions about variables 2. Complex mathematical models are always stochastic and not deterministic a. True b. False 3. Which one of these variables is a binomial random variable: a. the number of textbooks 15 randomly selected books in the box b. the number of Gospel CDs a rack of randomly selected CDs c. the time it takes a randomly selected student to complete a multiple-choice exam d. the number of dogs small dogs at the a vet