Week 10 Quiz CH 15

Week 10 Quiz CH 15 - Chapter 15 Quiz Review 1 In a nutshell...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 15 Quiz Review 1. In a nutshell, simulation can describe not only what the outcomes of a given decision could be, but also the probabilities with which these outcomes will occur. In fact, the result of a simulation is the entire _____________ of outcomes (Multiple Choice). a. Simulation distribution b. Analytical distribution c. Probability distribution d. None of these 2. Simulation is thought of as a sophisticated approach to sensitivity analysis because… (Multiple Choice). a. Whereas tornado chart analysis is a necessary first step, and can often reveal unexpected relationships in the model, analysis is required to analyze the combined effects of changes in many inputs. b. Whereas data analysis is a necessary first step, and can often reveal unexpected relationships in the model, base case analysis is required to analyze the combined effects of changes in many inputs. c. Whereas sensitivity analysis is a necessary first step, and can often reveal unexpected relationships in the model, c....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online