Values for the probabilistic inputs to a simulation
A) are selected by the decision maker.
B) are controlled by the decision maker.
C) are randomly generated based on historical information.
D) are calculated by fixed mathematical formulas.

Question

Quizplus · Accepted Answer

Probabilistic inputs in a simulation are typically randomly generated based on historical data or probability distributions to reflect uncertainty and variability in real-world scenarios.

Values for the Probabilistic Inputs to a Simulation