Which of the Following Is Characteristic of Monte Carlo Simulation

question 60

Multiple Choice

Which of the following is characteristic of Monte Carlo simulation?

• A)Results are usually not valid, but provide managers with an approximation.
• B)Time compression is not possible using this technique.
• C)Statistical sampling is used to create outcomes for many trials.
• D)Computer packages such as SimQuick and Arena can show on-screen graphics of customers moving through the system or inventory accumulation.

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Definitions:

Supportive Role Play

A therapeutic or training technique where individuals act out roles in a controlled environment to explore behaviors, practice responses, or enhance social skills.

Sculpting

A technique used in therapy and team-building activities where participants use physical positioning to represent relationships or emotions.

Role Reversal

A technique or exercise where individuals swap roles to gain perspective or empathy by experiencing the world from another's viewpoint.

Belief Systems

Frameworks of principles and values through which individuals perceive and interact with the world.