In Excel the VLOOKUP function is used to determine values for continuous random variables.
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Q13: Excel can only be used to simulate
Q14: Simulation applies mathematical models to determine optimal
Q15: Random numbers are typically generated on the
Q16: Developing the cumulative probability distribution helps to
Q17: A long period of real time can
Q19: Manual simulation is limited because of the
Q20: Validation of a simulation model occurs when
Q21: Simulation models must be _ to make
Q22: Developing the _ probability distribution helps to
Q23: In a continuous probability function, the area
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