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Engineering Economy, 5/e

Leland Blank, Texas A&M University
Anthony Tarquin, University of Texas - El Paso

More On Variation and Decision Making Under Risk

Matching Quiz

Select the correct answers on the left to fill in the blanks on the right. There are more answers than questions, therefore, some of the items on the right will remain unused. When you have completed the quiz, click the SUBMIT button at the bottom.


1				Decision making under risk means that a parameter is estimated with _________ .


2				A typical example of a discrete random variable is the ____________ .


3				The sum of all probabilities through a specific variable value is called the __________ .


4				The probability values for a uniform distribution are numerically ____________ .


5				A random sample of size n is correctly taken when each value of the variable has a/the ____________ of occurring as in the population.


6				The standard deviation of a sample is an estimate of the spread of values about the ____________ of the population.


7				Monte Carlo sampling makes the assumption that all parameters of an alternative are _____________.

Answer choices for questions 1 through 7

A)	Expected value
B)	Chance of 1.0
C)	Cumulative distribution
D)	Same probability
E)	Market interest rate
F)	Random
G)	Sample mean
H)	Estimated asset life
I)	Increasing
J)	Variation allowed
K)	Independent
L)	Dependent
M)	Equal to 1.0
N)	Probability distribution
O)	Certainty
P)	Equal
Q)	Sample variance

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