When We Run Simulation,the @RISK Automatically Keeps Statistics Such as Averages

question 35

True/False

When we run simulation,the @RISK automatically keeps statistics such as averages and standard deviations,and can also create graphs such as histograms based on the values generated in the output cells in the simulation model.

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Definitions:

Standard Deviation

A measure of the dispersion or variability of a set of numeric values, showing how much variation there is from the mean.

Largest

Describing the greatest in size, extent, or capacity.

Set 1

The initial group or collection in a series, which can be distinguished by specific characteristics or parameters.

Histogram

A histogram is a graphical representation of the distribution of numerical data, using bars of different heights to show the frequency of data in consecutive, non-overlapping intervals.