« previous next »

Author Question: In a simulation process, the error of the estimates of the output can be reduced by a. increasing ... (Read 62 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jun 24, 2018
In a simulation process, the error of the estimates of the output can be reduced by
 a. increasing the range of possible values for the random variables.
  b. increasing the number of random variables.
  c. increasing the number of trials per simulation.
  d. conducting regression analysis to forecast values.

Question 2

The Excel add-in __________ is used to design a spreadsheet simulation model.
 a. Analytic Solver Platform
  b. Goal Seek
  c. Solver
  d. GPSS


meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: In a simulation process, the error of the estimates of the output can be reduced by increasing the number of trials per simulation.

Answer to Question 2

a
RATIONALE: The Excel add-in Analytic Solver Platform is used to design a spreadsheet simulation model.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

future617RT

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 24, 2018
Thank you


meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

A hypothetical scenario illustrating the process of chemical selection A hypothetical scenario illustrating the process of chemical selection
The process of filtration in the kidneys, where smaller solutes, such as the electrolytes sodium and ... The process of filtration in the kidneys, where smaller solutes, such as the electrolytes sodium and ...
Before starting the process of adjusting the valves, look up the specifications and exact ... Before starting the process of adjusting the valves, look up the specifications and exact ...
Basic process of metabolic profiling Basic process of metabolic profiling
The Gram-Schmidt Process for Finding an Orthonormal Basis The Gram-Schmidt Process for Finding an Orthonormal Basis
Here’s how you can demonstrate sampling error Here’s how you can demonstrate sampling error
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library