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Author Question: A simulation model extends spreadsheet modeling by a. extending the range of parameters for which ... (Read 107 times)

magmichele12

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on: Jun 24, 2018
A simulation model extends spreadsheet modeling by
 a. extending the range of parameters for which solutions are computed.
  b. using real-time values for parameters from the application to formulate solutions.
  c. replacing the use of single values for parameters with a range of possible values.
  d. using historical data to make predictions about future values and expected trends.

Question 2

A ___________ uses repeated random sampling to represent uncertainty in a model representing a real system and that computes the values of model outputs.
 a. Monte Carlo simulation
  b. what-if analysis
  c. deterministic model
  d. discrete event simulation


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leeeep

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: A simulation model extends spreadsheet modeling by replacing the use of single values for parameters with a range of possible values.

Answer to Question 2

a
RATIONALE: A Monte Carlo simulation uses repeated random sampling to represent uncertainty in a model representing a real system and that computes the values of model outputs.


magmichele12

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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