The advantage of simulation over queuing or waiting line models is that simulation allows us to relax our assumptions regarding arrival and service distributions
Indicate whether the statement is true or false
TRUE
Business
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A college received a contribution to its endowment fund of $2 million. It can never touch the principal, but can use the earnings. At an assumed interest rate of 9.5 percent, how much can the college earn to help its operations each year?
A) $95,000 B) $19,000 C) $190,000 D) $18,000
Business
Which of the following term plans is intended to cover an individual's outstanding debt?
A) Renewable term B) Reentry term C) Credit life D) Mortgage life E) Both C and D above
Business