Simulation analysis is based on assigning a _____ and analyzing the results.
A) Narrow range of values to a single variable.
B) Narrow range of values to multiple variables simultaneously.
C) Wide range of values to a single variable.
D) Wide range of values to multiple variables simultaneously.
E) Single value to each of the variables.

Question

Quizplus · Accepted Answer

Simulation analysis involves assigning a wide range of values to multiple variables simultaneously to analyze the outcomes under different scenarios. This approach helps in understanding how changes in multiple inputs can affect the outcome, making it a comprehensive tool for risk assessment and decision-making.

Simulation Analysis Is Based on Assigning a _____ and Analyzing