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Author Question: In a simulation process, the error of the estimates of the output can be reduced by a. increasing ... (Read 92 times)

future617RT

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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

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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.


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future617RT

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Reply #2 on: Jun 24, 2018
Thank you


meganlapinski

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Reply #3 on: Jun 24, 2018
No problemo


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