Which of the Following Statements About Simplifying Assumptions in Simulations

question 24

Multiple Choice

Which of the following statements about simplifying assumptions in simulations is TRUE?
I. Simplifying assumptions should not be used in simulations.
II. Simplifying assumptions should lead to conservative estimates.
III. Simplifying assumptions should lead to optimistic estimates.

• A) I only
• B) II only
• C) III only
• D) I and II only
• E) II and III only

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Definitions:

Heterosexual Parents

Parental figures in a family structure composed of one male and one female in a romantic and sexual relationship.

Gay and Lesbian

Terms used to describe individuals who are romantically or sexually attracted to people of the same sex; gay typically refers to men, and lesbian refers to women.

Religious Salvation

The belief or doctrine in many religions that through faith, actions, or redemption, individuals can be saved from sin or its consequences and attain a state of ultimate well-being or eternal life.

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit, with minimal or no government control.