Savedroctoring Enabled: Chapter 12 Computer Simulation: Bas... A1You have prepared a coin flipping simulation. In your simulation, a value of less than 0.5 is designated as "Heads". Your simulationgenerates the following random numbers:0.553, 0.268, 0.916, 0.588, 0.237, 0.881, 0.067, 0.817, 0.877, 0.426. (Do not round intermediate calculations.)How many trials ended in the result "Heads"?HeadsHow many trials ended in the result "Tails"?Tails

Answered: You have prepared a coin flipping…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 48P: Based on Marcus (1990). The Balboa mutual fund has beaten the Standard and Poors 500 during 11 of...

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Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] . Which of them has a µ of zero using the probability model approach. 1. [12.5968, 4, -2 and -12.5968] 2. [12.5968, 2, -2 and -12.5968]
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Which of the following statements is true ? 1.Average values generated from a simulation are generally more accurate than expected values computed from a probability distribution 2.Simulated results will differ from expected values more for long simulations than for short simulations 3.Simulation can reproduce the behaviour of a system over several periods . 4.A random number is assigned to each value of the random variable
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Suppose that you have two four-sided dice that are each equally weighted (i.e. equal chance of any of the four sides landing face up). One of them has values [12.5968, 2, -2 and -12.5968] , the other [12.5968, 4, -2 and -12.5968] Which of them has a σ of 9 using the probability model approach. a) [12.5968, 2, -2 and -12.5968] B) [12.5968, 4, -2 and -12.5968]
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Maximize z=4x+5y Subject to: x+y<or=4 x-y>or=-2 x<or=3 x>or=0, y>or=0
46. You are making several runs of a simulation model,each with a different value of some decision variable(such as the order quantity in the Walton calendarmodel), to see which decision value achieves thelargest mean profit. Is it possible that one value beatsanother simply by random luck? What can you do tominimize the chance of a “better” value losing out toa “poorer” value?
H2.
Fortune magazine conducted a survey to learn about the subscribers in the United States and Canada. One survey question asked the value of subscribers' investment portfolios. The following percent frequency distribution was prepared from responses to this question: Value of Investment Percent Frequency <$25,000 17 $25,000-$49,999 9 $50,000-$99,999 12 $100,000-249,999 20 $250,000-499,999 13 $500,000-999,999 13 $1,000,000 or over 16 The percent frequency distribution is based on 816 responses. How many of the respondents reported having investments of $100,000 to $249,999? (Round to nearest whole number)
How do I get the 0.20 for probability in excel?

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