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QUESTION 15 For the following problems, assume that you want to create a model where Quantity follows a uniform distribution between 200 and 300, Price
QUESTION 15 "For the following problems, assume that you want to create a model where Quantity follows a uniform distribution between 200 and 300, Price is 50, and Unit_Cost follows a uniform distribution between 10 and 20, Revenue - Quantity Price, and Total Cost Quantity Unit Cost." CLICK HERE QUESTION 16 Which the following should NOT follow a uniform distribution? Quantity Revenue Profit None of the other answers QUESTION 17 "If you want to use a data table to generate 100 rows of random output values for Profit based on random inputs for Quantity and Unit_Cost, which of the following should you specify as the Column Input Cell?" Price Quantity Unit Cost None of the other answers Save All Answers QUESTION 18 "If you made a histogram of the 100 random output values for Profit, how many of these values would you expect to be negative? 0% about 2.5% about 20% None of the other answers OOOO QUESTION 19 What would you expect the average value of 100 random output values for Profit to be? around 3750 around 8750 around 13750 None of the other answers QUESTION 20 "If you ran this model twice by pressing F9 to generate 100 random output values for Profit two times, the average profit would be exactly the same each time." True False
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