Essay
Suppose that IQ scores are normally distributed with a mean of 100 and a standard deviation of 15.
a.Suppose that 1000 individuals took the IQ examination.Use Crystal Ball to simulate their scores.
b.What is the mean of the simulated IQ scores?
c.Suppose that being in the top 2% qualifies an individual as a genius.Using the simulated IQ scores,what should the IQ score be to qualify as a genius?
Correct Answer:

Verified
Correct Answer:
Verified
Q2: John Smith is planning to refinance his
Q3: You have just graduated with an MBA
Q4: Consider a single deck of cards.Use Crystal
Q5: Consider the event of tossing three coins.You
Q6: Excel uses the RAND()function to generate discrete
Q7: Use this information and output to
Q8: Which of the following is considered a
Q9: For the daily lottery in a given
Q10: Use this information to answer the following
Q11: Simulation usually generates optimal solutions.