MSIS 3223 - Quiz 11 (Chapter 12)
questions and answers already
passed
T/F: As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials
used, the more precise is the result. - correct answer ✔✔True
T/F: Uniform or triangular distributions are used in the absence of data. - correct answer
✔✔True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. - correct
answer ✔✔True
T/F: In the context of simulation, random numbers are numbers that are uniformly distributed
between 0 and 9. - correct answer ✔✔False
T/F: A value randomly generated from a specified probability distribution is called a random
variate. - correct answer ✔✔True
questions and answers already
passed
T/F: As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials
used, the more precise is the result. - correct answer ✔✔True
T/F: Uniform or triangular distributions are used in the absence of data. - correct answer
✔✔True
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. - correct
answer ✔✔True
T/F: In the context of simulation, random numbers are numbers that are uniformly distributed
between 0 and 9. - correct answer ✔✔False
T/F: A value randomly generated from a specified probability distribution is called a random
variate. - correct answer ✔✔True
