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Simulation Modeling Quiz

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1. What is the primary purpose of simulation modeling?

2. In discrete-event simulation, what does an 'event' signify?

3. Which of the following is a key characteristic of stochastic simulation models?

4. What method is commonly used to analyze the output from a simulation model?

5. What term describes the process of adjusting a simulation model to ensure it accurately reflects the real-world system it represents?

6. Which phase of the simulation study involves collecting data on the real-world system to build the model?

7. What type of simulation model is used to represent systems in which state changes occur at any instant in time?

8. For what purpose are Monte Carlo simulations primarily used?

9. In the context of simulation modeling, what is meant by 'sensitivity analysis'?

10. Which of the following is considered a limitation of simulation modeling?