Simulation models manually generate specific values for the random variables so that the values used reflect what we might observe in practice.

Name: Simulation models manually generate specific values for the random variables so that the values used reflect what we might observe in practice.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Simulation models use random number generators to produce values for random variables, simulating the randomness observed in real-world scenarios rather than manually generating specific values.

Simulation Models Manually Generate Specific Values for the Random Variables