Table 13-5

-According to Table 13-5, which presents a summary of the Monte Carlo output from a simulation of 200 runs, there are 5 possible values for the variable of concern.If random numbers between 01 and 100 are used to generate values, then a random draw of 72 would produce a variable value of
A)0.
B)1.
C)2.
D)3.

Question

Table 13-5
  
-According to Table 13-5, which presents a summary of the Monte Carlo output from a simulation of 200 runs, there are 5 possible values for the variable of concern.If random numbers between 01 and 100 are used to generate values, then a random draw of 72 would produce a variable value of
A)0. 
B)1. 
C)2. 
D)3.

Quizplus · Accepted Answer

A random draw of 72 falls within the range assigned to the variable value of 3, based on the cumulative probability distribution derived from the Monte Carlo simulation results.

Table 13-5 -According to Table 13-5, Which Presents a Summary of the Presents