Which of the Following Is Not a Disadvantage to Simulation

question 36

Multiple Choice

Which of the following is not a disadvantage to simulation?

• A) Time compression
• B) Expensive, can take months to develop
• C) Trial and error approach
• D) All input must be user generated
• E) All of these are disadvantages to simulation

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Definitions:

Chi-square Distribution

A statistical distribution that describes the distribution of the sum of the squares of a set of variables, often used in hypothesis testing.

Random Variable

A variable that can take on numerical values based on the outcomes of a random event.

Value

The importance, worth, or usefulness of something or a numerical quantity measured or assigned or computed.

Test Statistic

A statistic calculated from sample data, used to assess the plausibility of a hypothesis.