A trend chart was produced by RSPE software and is shown below Profit was define

Question

A trend chart was produced by RSPE software and is shown below Profit was defined as the output variable in reference to the chart below, which of the Mowing statements is true? A total of 7 different simulations were run in preparing this report. The shaded areas represent information about the frequency distribution of profit outcomes the middle band of shaded area represents 75% of the observed outcomes A total of 10% of the simulated profit values are outside of the combined shaded area All of the above.

Explanation / Answer

Answer : All of the above

Reason:

Each data point represents 1 simulation, so 7 simulations were run.

Shaded regions represent 75% and 90% frequency distributions.

As 90% is shaded, 10% is the area outside.

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