A simulation model extends spreadsheet modeling by a. extending ...

[magmichele12]

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

[leeeep]

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]

Excellent

[amit]

Wow, this really help