Which statement is true regarding a simulation model?
A)It makes decision-making easier.
B)It explicitly incorporates uncertainty in one or more input variables.
C)It does not require any best guesses.
D)It always uses a normal probability model.

Question

Quizplus · Accepted Answer

Simulation models are designed to incorporate uncertainty in input variables, allowing for the exploration of different scenarios and their outcomes. This is a key feature that distinguishes them from deterministic models, which do not account for variability in inputs.

Which Statement Is True Regarding a Simulation Model