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NEW QUESTION: 1
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B. Monte Carlo simulation.
C. Linear programming.
D. Queuing theory.
Answer: B
Explanation:
Simulation is a technique for experimenting with mathematical models using a computer. Monte Carlo simulation is a technique to generate the individual values for a random variable. A random number generator is used to produce numbers with a uniform probability distribution. The second step of the Monte Carlo process then transforms the random numbers into values consistent with the desired distribution. The performance of a model under conditions of uncertainty may be investigated by randomly selecting values for each of the variables in the model based on the probability distribution of each variable and then calculating the value of the solution. Advantages of Monte Carlo simulation are that time can be compressed, alternative policies can be considered, and complex systems can be analyzed.
NEW QUESTION: 2
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B. Business Relationship Management
C. Change Management
D. Service Level Management
Answer: C
NEW QUESTION: 3
You create the PivotChart shown in the exhibit. (Click the Exhibit button.) Exhibit:
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NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Box 1: Product: Axis
Box 2: SalesAmount: Values
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