What caution(s) need to be considered when constructing a simulation model? Validity of the data & assumption O The development of an accurate model is often costly. The effort may be time-consuming. OAll of the answers are correct.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
Question 30
What caution(s) need to be considered when constructing a simulation model?
O Validity of the data & assumption
O The development of an accurate model is often costly.
O The effort may be time-consuming.
All of the answers are correct.
Transcribed Image Text:Question 30 What caution(s) need to be considered when constructing a simulation model? O Validity of the data & assumption O The development of an accurate model is often costly. O The effort may be time-consuming. All of the answers are correct.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON