Similar to mathematical and analytical models, simulation is restricted to using the standard probability distributions.
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Q1: State the three-fold idea behind simulation.
Q2: One effective use of simulation is to
Q3: Which of the following is TRUE regarding
Q5: _ is the attempt to duplicate the
Q6: Simulation has numerous applications in modern business,
Q7: Which of the following is an idea
Q8: Define simulation.
Q9: Identify five applications of simulation.
Q10: Simulation models that are based on the
Q11: The seven steps in the use of
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