In conducting a hypothesis test using simulation results:
A)one may not be able to draw a firm conclusion regarding the optimal policy.
B)the null hypothesis may be proved correct.
C)the alternate hypothesis reflects the simulation's estimated value(s).
D)the results (of the simulation) generate the null hypothesis.

Question

Quizplus · Accepted Answer

Simulation results can be affected by various assumptions and limitations of the model, which can affect the accuracy and reliability of the results. Therefore, it may not be possible to draw a firm conclusion regarding the optimal policy based on simulation results alone. Further analysis and validation may be required to gain more confidence in the results.

In Conducting a Hypothesis Test Using Simulation Results