Which One of the Following Statements About Simulation Analysis Is

question 49

Multiple Choice

Which one of the following statements about simulation analysis is FALSE?

• A)If a result is statistically significant,it is always managerially significant.
• B)Simulation analysis is a form of hypothesis testing.
• C)In simulation,dependent variables reflect the values of both the decision variables and the uncontrollable variables.
• D)Statistical methods require the replication of simulation runs.

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given time.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price during a specified time period.

Price

The price expected, requisite, or delivered in remuneration for an object or service.

Market Price

The contemporary valuation at which a commodity or service can be acquired or disposed of in a commercial environment.