Excel Can Be Used to Perform

question 4

Multiple Choice

Excel can be used to perform

• A) discrete, next-event simulation.
• B) continuous simulation.
• C) analog simulation.
• D) Monte Carlo simulation.

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Definitions:

Samples

Samples refer to a set of data or observations taken from a larger population and used for statistical analysis.

Control Chart

A graphical tool used in process control to monitor, control, and improve the process performance over time by tracking data points against predetermined control limits.

Run Chart

A graph that displays observed data in a time sequence to identify any trends, shifts, or patterns.

Statistical Quality Control

The application of statistical methods and analyses to monitor and evaluate various aspects of product quality and manufacturing processes.