Each different set of values obtained for the uncertain quantities in a simulation model can considered to be:
A) the mean of the probability distribution.
B) a scenario.
C) a best guess.
D) all of these options.

Question

Quizplus · Accepted Answer

Each set of values obtained in a simulation model represents a possible scenario or outcome, based on the uncertainties and assumptions built into the model. It is not necessarily the mean of a probability distribution or a best guess, as there may be multiple possible outcomes with varying likelihoods. Therefore, option B is the most appropriate choice.

Each Different Set of Values Obtained for the Uncertain Quantities