Which statement does not accurately describe simulation?
A) Enables decision makers to conduct experiments
B) Involves developing models of processes
C) Alternatives are considered based on the what-if approach
D) Determines optimal solutions
E) Is a descriptive technique that does not produce a solution per se
Correct Answer:
Verified
Q17: Monte Carlo simulations yield approximate rather than
Q18: Monte Carlo simulations are deterministic.
Q19: Simulation enables a decision maker to experiment
Q20: A random variate is an integer value
Q21: In a terminating simulation the simulation could
Q23: On cold mornings,the probability that David's car
Q24: Which of the following is not a
Q25: An analyst wants to simulate observations from
Q26: A Uniform distribution has end points of
Q27: Natural logarithms are used in simulating the:
A)binomial
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