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Author Question: Which of the following statements regarding simulation is true? (Read 49 times)

imowrer

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Question 1

Simulation can use any probability distribution that the user defines.
◦ true
◦ false

Question 2

Which of the following statements regarding simulation is true?
◦ Simulation has numerous areas of application in operations.
◦ Simulation can be physical or mathematical.
◦ Simulation attempts to duplicate a real system.
◦ Monte Carlo simulation is a chance-based mathematical model of a real system.
◦ All of these are true.


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Marked as best answer by imowrer on Dec 3, 2019

djofnc

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imowrer

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review


connor417

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Reply 3 on: Yesterday
Excellent

 

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