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Exam (elaborations)

Chapter 12: Simulation Exam Study Guide Latest Updated 2024/2025

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CHAPTER 12: Simulation EXAM STUDY GUIDE LATEST UPDATED 2024/2025

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CHAPTER 12: Simulation EXAM
STUDY GUIDE LATEST UPDATED
2024/2025




The Best Study Notes

, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
True / False

1. Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Remember

2. Simulation is a trial-and-error approach to problem solving.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Understand

3. The degree of risk is associated with the probability or magnitude of loss.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Understand

4. To use Excel to generate a normally distributed random variable, you must know the mean and standard deviation of
the distribution and have a random number between 0 and 1.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy

, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
LEARNING OBJECTIVES: IMS.ASWC.19.12.02 - 12.2
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking

, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
TOPICS: 12.2 Simulation of Sanotronics Problem
KEYWORDS: Bloom's: Understand

5. Trials of a simulation show what would happen when values of the probabilistic input change.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.02 - 12.2
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.2 Simulation of Sanotronics Problem
KEYWORDS: Bloom's: Understand

6. Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.05 - 12.5
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.5 Simulation Considerations
KEYWORDS: Bloom's: Remember

7. Simulation is a method that uses repeated random sampling of values in order to represent uncertainty in a model that
represents a real system and computes the values of model outputs.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: IMS.ASWC.19.12.05 - 12.5
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.5 Simulation Considerations
KEYWORDS: Bloom's: Remember

8. Validation determines that the computer procedure is operating as it is intended to operate.
a. True
b. False
ANSWER: False
POINTS: 1

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