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Mat 540 midterm exam visit: wwwoaassignmentcom 1 regret is the difference between the payoff from the best decision and all other decision payoffs 2 variable costs are independent of volume and remain constant. Question 1 deterministic techniques assume that no uncertainty exists in model parameters question 2 a continuous random variable may assume only integer. Question question 1 5 out of 5 points_____ is a technique for selecting numbers randomly from a probability distribution question 2 5 out of 5 pointsmonte carlo is a technique for selecting numbers randomly from a probability distributionquestion 3 5 out of 5 pointsanalogue simulation replaces a.

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