A(n) __________ Is an Input to a Simulation Model Whose

question 34

Multiple Choice

A(n) __________ is an input to a simulation model whose value is uncertain and described by a probability distribution.

• A)identifier
• B)constraint
• C)random variable
• D)decision variable

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Definitions:

Enforceable

Describing a legal agreement or obligation that can be upheld and compelled by law through legal action.

Insurance Contract

A legally binding agreement between an insurer and the insured, where the insurer agrees to compensate the insured for specific losses in exchange for a premium.

Leases

Legal agreements granting use or occupation of property during a specified period in exchange for a specified rent or terms.

Duration

The duration or period that something exists or persists.