CH 12 - Simulation

CH 12 - Simulation © Cengage. Testing Powered by Cognero. Page 1 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 LEARNING OBJECTIVES: IMS.ASWC.19.12.02 - 12.2 NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking TOPICS: 12.2 Simulation of Sanotronics Problem CH 12 - Simulation © Cengage. Testing Powered by Cognero. Page 2 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.