QUESTION 1 INCORRECT
1. Which of the following statements is true with regard to uncertain
variables in RSPE software?
Each uncertain variable must be associated with a
probability distribution
The value of the uncertain variable may change with each
simulation trial
Uncertain variables are input variables
A Monte Carlo simulation must have at least one
uncertain variable
All of the above
0.5 points
QUESTION 2
1. Computer simulation is likely to be most useful:
For problems with many dynamic elements
Regardless of the problem's complexity
For non-probabilistic problems
For problems well suited to classical
analytical models
For problems with minimal complexity
0.5 points
QUESTION 3
1. Which of the following statements is true?
The exponential distribution is not useful for describing the time between
random events.
The normal distribution is a good choice when all values within a range
are equally likely.
The triangular distribution has a fixed upper and lower bound.
The normal distribution has a fixed upper and lower bound.
The normal distribution describes the number of times an event occurs in
a fixed number of trials.
0.5 points
QUESTION 4
1. In building an RSPE simulation model, it is important to:
Identify at least one output variable
set a sufficiently high number of simulation
trials
Identify at least one uncertain input variable
This study source was downloaded by 100000840946462 from CourseHero.com on 02-15-2022 18:38:06 GMT -06:00
https://www.coursehero.com/file/14424917/Study-guide-2/
1. Which of the following statements is true with regard to uncertain
variables in RSPE software?
Each uncertain variable must be associated with a
probability distribution
The value of the uncertain variable may change with each
simulation trial
Uncertain variables are input variables
A Monte Carlo simulation must have at least one
uncertain variable
All of the above
0.5 points
QUESTION 2
1. Computer simulation is likely to be most useful:
For problems with many dynamic elements
Regardless of the problem's complexity
For non-probabilistic problems
For problems well suited to classical
analytical models
For problems with minimal complexity
0.5 points
QUESTION 3
1. Which of the following statements is true?
The exponential distribution is not useful for describing the time between
random events.
The normal distribution is a good choice when all values within a range
are equally likely.
The triangular distribution has a fixed upper and lower bound.
The normal distribution has a fixed upper and lower bound.
The normal distribution describes the number of times an event occurs in
a fixed number of trials.
0.5 points
QUESTION 4
1. In building an RSPE simulation model, it is important to:
Identify at least one output variable
set a sufficiently high number of simulation
trials
Identify at least one uncertain input variable
This study source was downloaded by 100000840946462 from CourseHero.com on 02-15-2022 18:38:06 GMT -06:00
https://www.coursehero.com/file/14424917/Study-guide-2/
