Which of the Following Statements Is Incorrect Regarding the Advantages

question 31

Multiple Choice

Which of the following statements is incorrect regarding the advantages of simulation?

• A)Simulation is relatively easy to explain and understand.
• B)Simulation guarantees an optimal solution.
• C)Simulation models are flexible.
• D)A simulation model provides a convenient experimental laboratory for the real system.

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Definitions:

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it is determined by the chosen significance level.

Commuted

The act of reducing a legal penalty or sentence, often referring to changing a prison sentence to one that is less severe.

Hypothesis

An initial theory put forward with partial evidence to guide subsequent research.

Employees

Individuals who are hired by a business or organization to perform tasks and services in exchange for compensation.