In a Monte Carlo simulation, each simulation trial is dependent upon the result of a previous trial.
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Q3: Using simulation to perform risk analysis is
Q4: Trials of a simulation show what would
Q8: Validation determines that the computer procedure is
Q11: The parameters of a simulation model are
Q12: Simulation is an excellent technique to use
Q13: Computer-generated random numbers are normally distributed.
Q14: Each simulation run provides only a sample
Q15: Simulation is a trial-and-error approach to problem
Q18: Simulation is an optimization technique.
Q20: Simulation models that must take into account
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