QUESTION 5 When working with parameter cells in RSPE software, which of the foll

Question

QUESTION 5 When working with parameter cells in RSPE software, which of the following statements is true? O A parameter analysis should cause only one simulation to run. O A parameter analysis may specify different levels of a decision variable. O No more than three variables can be simultaneously varied in a parameter analysis. O A distribution fitting dialog box is useful in conducting a parameter analysis. O All of the above. QUESTION 6 Which of the following statements is true with regard to uncertain variables in RSPE software? O Each uncertain variable must be associated with a probability distribution The value of the uncertain variable may change with each simulation trial o Uncertain variables are input variables OA Monte Carlo simulation must have at least one uncertain variable All of the above

Explanation / Answer

Solution:-

5. option E. All the above

6. option C. uncertain variables are input variables.

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