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E20-065 · Question #16

E20-065 Question #16: Real Exam Question with Answer & Explanation

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Question

A hotel chain runs a simul-ation on room pricing. They want to estimate revenue, per hotel, within +/- $10 with 95% confidence (Za/2=1.96). The estimated revenue standard deviation is $5000 based on previous booking data. What is the optimal number of simulation trials to run?

Options

  • AA 32-bit operating system was used
  • BThe same number of trials was used
  • CA linear congruential generator (LCG) was used (or pseudo-random number generation
  • DDifferent seeds tor the random number generator were used.

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