An Input to a Simulation Model That Is Selected by the Decision

question 6

Multiple Choice

An input to a simulation model that is selected by the decision maker is known as a

• A)random variable.
• B)nonnegativity constraint.
• C)probable input.
• D)controllable input.

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Definitions:

Compound-Interest GIC

A Guaranteed Investment Certificate where the interest earned is compounded at regular intervals, allowing the investment to grow at a faster rate compared to simple interest.

Maturity Value

The amount to be paid to the holder of a financial instrument at the end of its term or at maturity.

Dollar Amount

A numerical monetary value specified in units of currency, specifically the United States dollar.

Compound-Interest GIC

A Compound-Interest Guaranteed Investment Certificate is a type of investment where the interest earned is reinvested and earns interest itself, over the term of the GIC.