Multiple Choice
The deterministic (non-simulation) approach,using best guesses for the uncertain inputs,is
A) better to use in complicated real-world applications.
B) a good estimate of what the answer will be using a simulation approach.
C) generally not the appropriate model.
D) the preferred approach when there is correlation between input variables.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Simulation models are particularly useful for<br>A)forecasting.<br>B)obtaining deterministic
Q19: Different random numbers generated by the computer
Q20: Which of the following statements are true?<br>A)The
Q21: RISKSIMTABLE is a function in @RISK for
Q22: A random number from a binomial distribution
Q24: The flaw of averages is the reason
Q25: One of the primary advantages of simulation
Q26: The "random" numbers generated by the RAND
Q27: Which of the following statements is correct
Q28: Suppose you run a simulation model several