Values for the Random Variables or Uncertain Variable Inputs to a Simulation

question 6

Multiple Choice

Values for the random variables or uncertain variable inputs to a simulation are

• A)selected by the decision maker.
• B)controlled by the decision maker.
• C)randomly generated from the specified probability distributions.
• D)calculated by fixed mathematical formulas.

---

Definitions:

Idea Screening

The process of evaluating ideas to spot viable options, eliminating those that are less likely to succeed, before significant resources are allocated.

Consumer Products

Products intended for household or family use.