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MSIS 3223 - Ch 12 & 13 quiz Training Questions And Verified Answers.
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T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise the results. - Answer True T/F: Uniform or triangular distributions are used in the absence of data. - Answer True T/F: Risk analysis seeks to examine the impact of...

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  • October 31, 2024
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  • 2024/2025
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MSIS 3223 - Ch 12 & 13 quiz Training
Questions And Verified Answers.
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the
more precise the results. - Answer True



T/F: Uniform or triangular distributions are used in the absence of data. - Answer True



T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. - Answer True



T/F: In the context of simulation, random numbers are numbers that are uniformly distributed between
0 and 9. - Answer False



T/F: A value randomly generated from a specified probability distribution is called a random variate. -
Answer True



T/F: a constraint function is a function of the decision variables in the problem - Answer True



T/F: any solution that satisfies all constraints of a problem is called a feasible solution - Answer True



a binding constraint is one for which the Cell Value is greater than the right-hand side of the value of the
constraint - Answer False



infeasible problems can occur when the demand requirement is higher than the available capacity -
Answer true



there are 3 types of optimisation models: linear, integer, and nonlinear - Answer true



decision variables in an optimisation model are "known" values - Answer False

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