Determine whether each of the following could probably be validly modeled only as a random variable or
Question:
Determine whether each of the following could probably be validly modeled only as a random variable or if a deterministic quantity would suffice.
(a) The number of inches of rainfall in a city over the next 14 days
(b) The average 14-day rainfall in a city
(c) The market price of a common stock 1 week ago
(d) The market price of a common stock 1 week from today
(e) The seating capacity of a restaurant
(f) The number of customers who will arrive at a restaurant this evening
(g) The production rate of an industrial robot subject to frequent breakdowns
(h) The production rate of a highly reliable industrial robot
(i) Factory demand for a model of bulldozer over the next 7 days
(j) Factory demand for a model of bulldozer over the next 7 years
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