Which one of the following statements regarding simulation analysis is FALSE?
A) Simulation analysis is a form of hypothesis testing.
B) Analysis of variance is a commonly used statistical method for simulation analysis.
C) Statistical methods require the replication of simulation runs.
D) Each time a simulation model is run for a given set of decision variables, the same random numbers must be used.
Correct Answer:
Verified
Q2: The manager of a branch bank wants
Q4: A statistically significant difference in simulation results,when
Q4: Using a simulation model to gather a
Q5: Simulation can be used to sharpen managerial
Q9: Which one of the following statements about
Q10: A number that has the same probability
Q11: A manager has been given the
Q12: A simulation model:
A) describes operating characteristics with
Q15: Time compression is the feature of simulation
Q40: Steady state occurs when the simulation is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents