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S-True or False
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Please answer the following questions.



1

Managers can use simulation to obtain optimal answers for a wide range of problems.
A)True
B)False
2

Monte Carlo simulations are deterministic.
A)True
B)False
3

In many real-life applications, computers are used to conduct simulations.
A)True
B)False
4

Simulation is a descriptive tool.
A)True
B)False
5

Simulation is especially useful for situations too complex to be analyzed using mathematical models.
A)True
B)False
6

When using a random number table, it is important to avoid always starting to read numbers in the same spot.
A)True
B)False
7

A normal distribution is a theoretical distribution.
A)True
B)False
8

Monte Carlo simulations produce approximate results rather than exact results.
A)True
B)False
9

Simulation is often the first choice of decision makers instead of analytic models.
A)True
B)False







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