Which of the Following Is Characteristic of Monte Carlo Simulation

Multiple Choice

Which of the following is characteristic of Monte Carlo simulation?

A) Results are usually not valid,but provide managers with an approximation.
B) Time compression is not possible using this technique.
C) Statistical sampling is used to create outcomes for many trials.
D) Computer packages such as Simquick and Arena can show on-screen graphics of customers moving through the system or inventory accumulation.