# Past Exam for BIT 4434 - Comp Sim In Bus at Virginia Tech (VT)

## Exam Information

 Material Type: Exam 2 Professor: Staff Class: BIT 4434 - Comp Sim In Bus Subject: Business Information Technology University: Virginia Polytechnic Institute And State University Term: Spring 2003 Keywords: DistributionThe IndependentEmpirical DataScatter Graph(to/for) Him/itProbabilitiesContinuous DataNo CorrelationTime PeriodContingency

## Sample Document Text

BIT 4434: Computer simulation in business Spring 2003 - Exam 2 THIS IS AN OLD EXAM. I AM NOT PROPOSING THAT YOU EXCLUSIVELY STUDY THIS TEST – I AM JUST MAKING IT AVAILABLE TO EVERYONE IN THE CLASS SINCE I KNOW THERE ARE COPIES OF IT OUT THERE AVAILABLE TO CERTAIN PEOPLE. I WILL NOT ANSWER QUESTIONS ABOUT THIS TEST NOR GIVE YOU THE ANSWERS. Kellie Keeling Multiple Choice (2 points each) Please circle the letter of the correct answer. 1) What does IID stand for? a) identically and independently distributed b) identically and indispensably distributed c) individually and independently distributed d) individually and identically distributed In each of the next two questions, suppose that we are examining the interarrival times of customers into the Hokie Grill. Define X to be the interarrival time of customers. Assume that this time can be approximated by an Exponentially distributed random variable with mean of 1 minute. 2) What is P(X>3|X>1)? a) e-3 b) 1– e-3 c) e-2 d) 1-e-2 3) Which of the following repres...

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