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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