The purpose of using simulation technique is to
A) Imitate a real-world situation
B) Understand properties & operating characteristics of complex real-life problems
C) Reduce the cost of experiment on a model of real situation
D) All of the above
Correct Answer:
Verified
Q14: A problem is classified as Markov chain
Q15: The transition matrix elements remain positive from
Q16: Markov analysis is useful for:
A) Predicting the
Q17: Which of the following is not one
Q18: An advantage of simulation as opposed to
Q20: As simulation is not an analytical model,
Q21: While assigning random numbers in Monte Carlo
Q22: Analytical results are taken into consideration before
Q23: Biased random sampling is made from among
Q24: Large complicated simulation models are appreciated because
A)
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