Provide a small example illustrating how random numbers are used in Monte Carlo simulation
What will be an ideal response?
For example, demand can be 0, 40% of the time, or 1, 60% of the time. The cumulative distribution is demand = 0, 0.40, and demand = 1, 1.00. The random number intervals are 01 through 40 for demand = 0, and 41 through 00 for demand = 1. A random number of 36 indicates demand = 0. Examples will vary.
Business
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________ courts were allowed to give equitable remedies under the English common law
A) Merchant B) Law C) Chancery D) Appellate
Business
The residual dividend theory suggests that dividends should be paid to stockholders first, and then, what is left can be reinvested by the firm
Indicate whether this statement is true or false.
Business