Which of the following is not one of the important distinctions of probability distributions?
A)Discrete versus continuous
B)Symmetric versus skewed
C)Bounded versus unbounded
D)Positive versus negative
The primary difference between simulation models and other types of spreadsheet models is that simulation models contain ____:
Discrete distributions are sometimes used in place of continuous distributions:
A)because they are more accurate
B)because they are more simple
C)when we don't know the mean and variance of the distribution
D)when we need to generate a histogram
The RAND() function in excel models which of the following probability distributions?