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You Are Reviewing a Simulation Model and Find That the Analyst

question 37

Multiple Choice

You are reviewing a simulation model and find that the analyst who prepared the model used the formula = 15 + (45 − 15) × RAND() to generate the simulated cost of a product. Which of the following assumptions did the analyst make about the cost of the product?
I. The minimum cost of the product is 15.
II. The maximum cost of the product is 60.
III. The cost of the product is uniformly distributed.

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Definitions:

Positive Affect

A state of experiencing positive emotions and expressing an optimistic outlook.

Organizational Citizenship Behaviors

Voluntary actions performed by employees that go beyond their basic job requirements to help others and benefit the organization.

Absentee Days

Days when an employee is not present at work due to illness, personal reasons, or other excused absences, which can impact organizational productivity and morale.

Low Self-efficacy

A personal belief in one's inability to succeed or accomplish tasks, often leading to decreased motivation and achievement.

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