Which One of the Following Statements About Simulation Analysis Is

question 36

Multiple Choice

Which one of the following statements about simulation analysis is FALSE?

• A) If a result is statistically significant, it is always managerially significant.
• B) Simulation analysis is a form of hypothesis testing.
• C) Analysis of variance is a commonly used statistical method for simulation analysis.
• D) Statistical methods require the replication of simulation runs.

---

Definitions:

Handbags

Fashion accessories designed for carrying personal items, whose market dynamics can illustrate economic concepts of demand, supply, and price elasticity.

Exchange Rate

The valuation of one currency in the context of exchanging it for another.

Carrots

A root vegetable, typically orange in color, cultivated and consumed for its sweet flavor and nutritional value.

Terms of Trade

The ratio between a country's export prices and its import prices.