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.

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Definitions:

Small-Business Failure

A situation where a small-sized business is unable to continue operation due to financial, managerial, or market-related problems.

Lack of Funds

A situation where there is an insufficient amount of financial resources available to meet the demands or objectives of a project or entity.