Random numbers can be generated in Excel by using the VLOOKUP function.
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Q10: Simulation enables a decision maker to experiment
Q11: One purpose of running experiments on a
Q12: When using a random number table, it
Q13: Simulation is especially useful for situations too
Q14: Computer simulation is a useful tool because
Q16: When dealing with relatively complex systems, computer
Q17: Managers can use simulation to obtain optimal
Q18: Computers can simulate years of operation in
Q19: Computer simulation is only applicable to situations
Q20: Analytical methods are preferable to simulation if
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