How Should One Determine Which RNGs to Employ in a Spreadsheet

question 28

Multiple Choice

How should one determine which RNGs to employ in a spreadsheet simulation model?

• A)Use the Risk Solver Platform (RSP)gallery and pick a distribution.
• B)Generate thousands of samples and compare the resulting histogram to ensure the distribution is correct.
• C)Solve the deterministic model repeatedly and use Risk Solver Platform (RSP) distribution fitting tools.
• D)The distributions selected should represent the underlying pool of values expected to occur.

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Definitions:

Environment

The surroundings or conditions in which a person, plant, or animal lives or operates, encompassing both natural and built aspects.

Interrelated Constructs

Concepts or theories that are connected and influence each other, forming a comprehensive framework when considered together.

Systematic View

An approach that considers the entire system, including all interacting components, to fully understand its structure, dynamics, and complex behaviors.

Variables

Elements, features, or factors that are liable to vary or change within a study or experiment, potentially influencing the outcome.