The Normal Distribution Is Often Used in Simulation Models Because

question 11

True/False

The normal distribution is often used in simulation models because it is the most common distribution in statistics and it does not allow negative values.

---

Definitions:

Sales Revenues

The income received from selling goods or services over a period of time.

Product Quantities

The amount of individual products available or on hand in inventory.

Controllable Costs

Expenses that can be directly controlled or influenced by a manager or decision-maker in the short term.

Lower Levels

May refer to the lower tiers or ranks within an organizational hierarchy or levels of inventory or data below a certain threshold.