Computer simulation is likely to be most useful

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Reference no: EM131692163

1. Computer simulation is likely to be most useful:

For problems with minimal complexity

For non-probabilistic problems

For problems involving random variables

Regardless of the problem's complexity

For problems well suited to classical analytical models

2. When choosing a probability distribution in an RSPE simulation, it is important to:

compare the sample data statistics with standard values

consider the fit statistic

run at least 10,000 simulation trials

check the similarity between the input data and the output data

carefully define the output cells

Reference no: EM131692163

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