Busıness Decısıon Models Deneme Sınavı Sorusu #1407188

Which of the following is NOT an example of an stochastic process?


Daily prices of a stock or exchange rate fluctuations

Failures times of a machine

Medical data such as a patient’s blood pressure or EKG

Radar measurements for the position of an airplane

Minting a coin


Yanıt Açıklaması:

Familiar examples of stochastic processes are as follows:
• daily prices of a stock or exchange rate fluctuations,
• failures times of a machine,
• medical data such as a patient’s blood pressure or EKG,
• radar measurements for the position of an airplane,
• tossing a coin.

"Minting a coin" is not an example of a stochastic process.

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