Which of the Following Are Advantages of Computer Simulation Over

question 22

Multiple Choice

Which of the following are advantages of computer simulation over analytical methods like PERT/CPM for predicting the probability that a project will complete by a deadline?

• A)It does not need to make as many simplifying assumptions
• B)It is more flexible about which probability distributions can be used
• C)It provides a solution more quickly
• D)All of the above
• E)a and b only

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Definitions:

Female-Headed Households

Households led by women, which may experience different economic and social conditions compared to households headed by men.

Married Couples

Two individuals legally joined in matrimony, recognized legally, socially, or religiously, who typically share a close personal relationship.

Transitory Income

Income that is temporary or not expected to continue at the same level in the future, often affecting consumer behavior and economic decisions.

Permanent Income

An individual's average lifetime income, estimated as a constant amount that would maintain the consumer's current standard of living.