OpenStax Textbook: Chapter 2, 6, 7Minimum of 1 scholarly sourceIn your reference for this assignment, be sure to include both your text/class materials AND your outside reading(s).Initial Post InstructionsMany variables in medicine follow a normal distribution where there are approximately an equal number of values below the mean as above the mean. Describe two variables that you work with that would probably follow a normal distribution. Also note which of the two variables would be likely to have a larger standard deviation and why.
1. Explain how Monte Carlo simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.2. Identify that parts or aspects of Monte Carlo simulation processes that you have found to be particularly challenging. Describe why you believe that they are challenging and provide remedies to simplify those aspects.
In this Assignment, you will be assessed on the following outcome:MT445-3: Analyze the production decision in profit maximization for the four primary market structures.In this Assignment, you will compute total cost, total revenue, and total profit/loss. Based on the computed results, you will determine the optimal quantity of output, which minimizes loss under a monopolistically competitive market. In addition, you will also evaluate the marketing strategies of oligopoly market firms.Instructions: This Assignment requires a combination of short paragraph answers and computations. Answer all of the following questions in this document. You are required to follow proper APA format. Read the Criteria section below for more information before you begin this Assignment.1. Do the firms in an oligopoly act independently or interdependently? Explain your answer.
Having read about various disciplinary methods and written a literature review accounting for relevant secondary sources, reflect upon and respond to the following:What disciplines have you identified as most relevant to your research question?What methods are typically valued or emphasized in these disciplines?Are any of these methods relevant or useful to your research project? Explain.Do you have any training or familiarity with the methods you see as relevant to your work? Explain.What method(s) are you most likely to employ for this project?Remember: you should consider the timeframe for our course, access to sources, and familiarity with quantitative and qualitative strategiesWhat steps do you need to take to ensure you can collect the data/evidence necessary for your project?What is your timeline for data/evidence collection? (keep in mind that you should start analyzing your primary data during week 5).There is no word requirement for this post. Be sure to answer all of the questions thoughtfully and thoroughly.