Which of the following is true regarding simulation? A) If an analytical model can't solve a problem, neither can a simulation. B) Simulation can only be done by computer. C) Monte Carlo simulation requires the use of random numbers. D) Simulation models are inexpensive. E) All of the above are true.

Question

Quizplus · Accepted Answer

Monte Carlo simulation does require the use of random numbers to simulate the variability in a system. A, B, and D are all false statements.

Which of the Following Is true Regarding Simulation