Simulation Is a Statistics-Based Behavioral Approach That Applies Predetermined Probability

question 103

True/False

Simulation is a statistics-based behavioral approach that applies predetermined probability distributions and random numbers to estimate risky outcomes.

---

Definitions:

Analysis

The detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.

Planning

The process of making strategic decisions about setting goals, identifying actions to achieve the goals, and mobilizing resources to execute the actions.

Forces

Elements or factors that influence or drive changes within a system, organization, or environment.