Multiple Choice
A ___________ uses repeated random sampling to represent uncertainty in a model representing a real system and that computes the values of model outputs.
A) Monte Carlo simulation
B) what-if analysis
C) deterministic model
D) discrete event simulation
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Which of the following cannot be described
Q24: The _ function in Excel is used
Q25: The choice of the probability distribution for
Q26: A simulation model extends spreadsheet modeling by<br>A)extending
Q27: A description of the range and relative
Q29: A disadvantage of the simple what-if analyses
Q30: The range of computer-generated random numbers is<br>A)[-8,
Q31: All the values of computer-generated random numbers
Q32: The _ function is used to generate
Q33: Which of the following cannot be modeled