Which One of the Following Statements Regarding Simulation Analysis Is

question 51

Multiple Choice

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

• A)Simulation analysis is a form of hypothesis testing.
• B)In simulation,dependent variables reflect the values of both the decision variables and the uncontrollable variables.
• C)Statistical methods require the replication of simulation runs.
• D)Each time a simulation model is run for a given set of decision variables,the same random numbers must be used.

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Definitions:

Test Statistic

A value calculated from sample data that is used in a hypothesis test to decide whether to reject the null hypothesis.

T Test

A statistical hypothesis test used to compare the means of two groups and determine if they come from the same population by analyzing the difference.

T Value

A value calculated in a t-test that assesses the difference between two means relative to the variation in the data.

Critical Value

The threshold or point on the test distribution that is compared with the test statistic to determine whether to reject the null hypothesis.