Steps for simulation using crystal ball

Assignment Help Basic Statistics

Reference no: EM1316701

1) Crystal Ball requires the following steps.

I. Set the number of trials and other run preferences

II. Interpret the results

III. Develop the spreadsheet

IV. Define the assumptions cells and the forecast cells

V. Run the simulation

The correct logical sequence for these steps is:

a. III, IV, V, I, II

b. IV, II, III, I, V

c. III, IV, I, V, II

d. IV, III, I II, V

2) Data in a Crystal Ball assumption cell:

a. represent variables about which there is no known information.

b. represent uncertain variables used as input to a decision.

c. can be alphanumeric.

d. must follow a normal probability distribution.

Reference no: EM1316701

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