Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A simulation method that uses repeated random sampling to represent uncertainty in a model representing a real system and that computes the values of model
A simulation method that uses repeated random sampling to represent uncertainty in a model representing a real system and that computes the values of model outputs is defined as what? |
a. What if analysis |
b. Monte carlo simulation |
c. Stimulation |
d. Random number generator |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started