The Sampling Tab of Crystal Ball Is Useful When You

question 61

Multiple Choice

The Sampling tab of Crystal Ball is useful when you wish to ________.

• A)prescreen the variables in order to determine which variables are the most important candidates to define as assumptions before building a simulation model
• B)use the correlation coefficients in order to rearrange the generated random variates to produce the desired correlations
• C)define the assumptions for the variables in the data set
• D)define a controllable variable in your model and compare results for the same assumption values

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Definitions:

Journal Format

A structured way of recording financial transactions in chronological order, typically used in bookkeeping and accounting.

Reference Column

A column in accounting journals where cross-references to ledger account numbers or other relevant documentation are noted.

T-Account

A T-account is a graphic representation of a general ledger account, used for teaching, analysis, and visualization, showing debits on one side and credits on the other.

General Ledger

A comprehensive set of accounts that records all transactions of a business, including assets, liabilities, equity, revenue, and expenses.