In a Simulation Process, the Error of the Estimates of the Output

question 40

Multiple Choice

In a simulation process, the error of the estimates of the output can be reduced by

• A)increasing the range of possible values for the random variables.
• B)increasing the number of random variables.
• C)increasing the number of trials per simulation.
• D)conducting regression analysis to forecast values.

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Definitions:

Scientific Research Team

A group of professionals working together to conduct experiments, gather data, and analyze results to advance knowledge in a particular field of science.

Empirical

Based on observation or experience rather than theory or pure logic.

Probable Truth

A statement or fact that is likely to be accurate or true based on evidence or reasoning.

Test of Truthfulness

A method or procedure used to determine the accuracy or honesty of a statement or proposition.