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Author Question: Setting up a probability distribution, building a cumulative probability distribution, and ... (Read 84 times)

mp14

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Question 1

"Time compression" and the ability to pose "what-if" questions are elements of
◦ setting up a probability distribution for important variables.
◦ physical simulations but not mathematical simulations.
◦ the broad threefold idea of simulation.
◦ the advantages of simulation.
◦ the disadvantages of simulation.

Question 2

Setting up a probability distribution, building a cumulative probability distribution, and generating random numbers are
◦ three of the five steps in Monte Carlo analysis.
◦ elements of physical simulation but not mathematical simulation.
◦ advantages of simulation.
◦ the three steps involved in simulating a queuing problem.
◦ necessary when the underlying probability distribution is normal.


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Marked as best answer by mp14 on Dec 3, 2019

Ksh22

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mp14

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)


smrtceo

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Reply 3 on: Yesterday
Excellent

 

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