Oracle Autonomous Database Cloud 2020 Specialist — Question 51

In Strategic Modeling Simulations, what are the three guidelines for selecting the appropriate probability distribution? (Choose three.)

Answer options

• A. Select the distribution where the conditions of the distribution match those of the input.
• B. Randomly generate a range of values for assumptions and enter best guess estimates one cell at a time.
• C. Evaluate the input in question, and list the conditions surrounding this input.
• D. Review the descriptions of the probability distributions.
• E. Use the Monte Carlo method to best guess your probability distribution options based on a range of assumptions.

Correct answer: A, C, D

Explanation

The correct answers are A, C, and D because they emphasize understanding the input conditions and selecting a matching distribution, which is essential for accurate modeling. Option B is incorrect as it suggests a random approach rather than a structured evaluation. Option E, while useful in some contexts, does not directly relate to the guidelines for choosing a distribution.