Which One of the Following Statements Regarding Simulation Analysis Is

question 44

Multiple Choice

Which one of the following statements regarding simulation analysis is False?

• A) Simulation analysis is a form of hypothesis testing.
• B) In simulation, dependent variables reflect the values of both the decision variables and the uncontrollable variables.
• C) Statistical methods require the replication of simulation runs.
• D) Each time a simulation model is run for a given set of decision variables, the same random numbers must be used.

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Definitions:

Alternative Courses

involve different strategies or avenues a business or individual might consider when making decisions to achieve specific goals.

Good Judgment

The ability to make considered decisions or come to sensible conclusions.

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.

Merchandising Company

A business that purchases goods and sells them at a higher price without changing their form.