Multiple Choice
Which of the following statements about simplifying assumptions in simulations is TRUE?
I. Simplifying assumptions should not be used in simulations.
II. Simplifying assumptions should lead to conservative estimates.
III. Simplifying assumptions should lead to optimistic estimates.
A) I only
B) II only
C) III only
D) I and II only
E) II and III only
Correct Answer:
Verified
Correct Answer:
Verified
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