Excels RAND() function generates a random number (x) such that

Multiple Choice

x is greater than 0.

x is less than 1.

x is greater than 1.

x is between 0 and 1.

None of the answer choices is correct.

Which of the following are ways in which the output of a simulation study can be validated?

I. Construct a small prototype of the proposed system.

II. Compare a simple version of the simulation with an existing mathematical model.

III. Have experts compare the relationship between inputs and outputs for reasonableness.

Multiple Choice

I only

II only

III only

I and II only

I, II, and III