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Management Studies

Identify the correct distribution for this “Simulation” problem: An investment company interested in purchasing a parcel of prime commercial real estate wants to describe the appraised value of the property. The company expects an appraisal of at least $500,000 but not more than $900,000. They believe that all values between $500,000 and $900,000 have the same likelihood of being the actual appraised value.

a. Binomial

b. Triangular

c. Custom

d. Discrete Uniform

e. Continuous Uniform

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91390940

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