Why Would Someone Choose to Use Simulation to Analyze a Waiting

question 25

Essay

Why would someone choose to use simulation to analyze a waiting line problem rather than use a formula? What are the advantages and disadvantages of a simulation approach?

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Definitions:

Student T Distribution

A probability distribution used in statistical inference for datasets with small sample sizes and unknown population standard deviations.

Variance

A measure of the dispersion of a set of data points around their mean; the average of the squared differences from the Mean.

Degrees of Freedom

The number of independent values or quantities that can freely vary in the analysis of statistical calculations without violating any constraints.

Exponential Distribution

A continuous probability distribution used to model the time between events in a process with a constant rate.