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CHAPTER 12: Simulation EXAM STUDY GUIDE LATEST UPDATED 2024/2025
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CHAPTER 12: Simulation EXAM STUDY GUIDE LATEST UPDATED 2024/2025
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CHAPTER 12: Simulation EXAMSTUDY GUIDE LATEST UPDATED
2024/2025
The Best Study Notes
, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
True / False
1. Simulation is an excellent technique to use when a situation is too complicated to use standard analytical procedures.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Remember
2. Simulation is a trial-and-error approach to problem solving.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Understand
3. The degree of risk is associated with the probability or magnitude of loss.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.01 - 12.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.1 What-If Analysis
KEYWORDS: Bloom's: Understand
4. To use Excel to generate a normally distributed random variable, you must know the mean and standard deviation of
the distribution and have a random number between 0 and 1.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
LEARNING OBJECTIVES: IMS.ASWC.19.12.02 - 12.2
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
, CHAPTER 12: Simulation EXAM STUDY GUIDE
LATEST UPDATED 2024/2025
TOPICS: 12.2 Simulation of Sanotronics Problem
KEYWORDS: Bloom's: Understand
5. Trials of a simulation show what would happen when values of the probabilistic input change.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.02 - 12.2
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.2 Simulation of Sanotronics Problem
KEYWORDS: Bloom's: Understand
6. Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.12.05 - 12.5
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.5 Simulation Considerations
KEYWORDS: Bloom's: Remember
7. Simulation is a method that uses repeated random sampling of values in order to represent uncertainty in a model that
represents a real system and computes the values of model outputs.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: IMS.ASWC.19.12.05 - 12.5
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 12.5 Simulation Considerations
KEYWORDS: Bloom's: Remember
8. Validation determines that the computer procedure is operating as it is intended to operate.
a. True
b. False
ANSWER: False
POINTS: 1
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