Author Question: A(n) ___________ is an input to a simulation model whose value is uncertain and described by a ... (Read 108 times)

c0205847

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A(n) ___________ is an input to a simulation model whose value is uncertain and described by a probability distribution.
 a. identifier
  b. constraint
  c. random variable
  d. decision variable

Question 2

A description of the range and relative likelihood of possible values of an uncertain variable is known as a
 a. risk analysis.
  b. probability distribution.
  c. base-case scenario.
  d. simulation optimization.


welcom1000

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Answer to Question 1

c
RATIONALE: A random variable is an input to a simulation model whose value is uncertain and described by a probability distribution.

Answer to Question 2

b
RATIONALE: A description of the range and relative likelihood of possible values of an uncertain variable is known as a probability distribution.



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