Simulation Models Are Limited to Using Standard Probability Distributions Such

question 1

True/False

Simulation models are limited to using standard probability distributions such as Poisson, exponential, normal, etc.

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Definitions:

Friendship Group

A social unit formed by individuals who share personal bonds, interests, or activities, often providing mutual support and companionship.

Efforts Accepted

This term is not commonly recognized as a key management or psychological concept. NO.

Decision-Making Procedures

Structured approaches or steps followed to make choices or solve problems within an organization or group.

Individual Goals

Personal objectives or targets that an individual aims to achieve, distinct from group or organizational goals.