The "building blocks" of all spreadsheet simulation models are
A)deterministic inputs.
B)random numbers between 0 and 1.
C)decision variables.
D)probability distributions for uncertain input variables.

Question

Quizplus · Accepted Answer

Probability distributions for uncertain input variables are the "building blocks" of all spreadsheet simulation models because they allow the modeler to represent the uncertainty in the input variables. This uncertainty is essential for understanding the potential outcomes of the model and for making decisions about how to manage the system being modeled.

The "Building Blocks" of All Spreadsheet Simulation Models Are