STATS139 (STATS139)
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STATS 139; CHAPTER 15 QUIZ: Introduction to Simulation Modeling( WITH CORRECT ANSWERS)
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1. Which of the following statements is true regarding a simulation model?
a. It explicitly models decision-making under uncertainty
b. It explicitly incorporates uncertainty in one or more input variables
c. It provides probability distributions for all outputs, rather than expected values
d. All of these options
ANS: B PTS: 1 MSC: AACSB: Analytic
2. Each different set of values obtained for the uncertain quantities in a simulation model can considered
to be:
a. the mean of the probability dis...
Study guide
STATS 139; CHAPTER 15 QUIZ: Introduction to Simulation Modeling( WITH CORRECT ANSWERS)
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1. Which of the following statements is true regarding a simulation model? a. It explicitly models decision-making under uncertainty b. It explicitly incorporates uncertainty in one or more input variables c. It provides probability distributions for all outputs, rather than expected values d. All of these options ANS: B PTS: 1 MSC: AACSB: Analytic 2. Each different set of values obtained for the uncertain quantities in a simulation model can considered to be: a. the mean of the probability dis...
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