Answered: Discrete random variable Continuous…

Business

Operations Management

Discrete random variable Continuous random variable Annual inflation Decision tree branch Simulation Decision tree node

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Good day, please match the first photo from the left to its corresponding partners from the right photo, I prefer some brief explanation to be able to understand it thanks!

Discrete random variable
Continuous random variable
Annual inflation
Decision tree branch
Simulation
Decision tree node

countable, isolated
direction; probabilistic value
increase of price in a year
O imitation of reality: mathematical model
infinite number of values; interval
selection process; state

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