Computer simulation is likely to be most useful:

For simple problems For problems of moderate complexity For very complex stochastic problems

Which of the following statements is true?

The normal distribution is a good choice when all values within a range are equally likely.

The triangular distribution has a fixed upper and lower bound.

The normal distribution has a fixed upper and lower bound.

The exponential distribution is not useful for describing the time between random events.

The normal distribution describes the number of times an event occurs in a fixed number of trials.

Regardless of the problem's complexity For problems well suited to classical analytical models

When working with parameter cells in RSPE software, which of the following statements is true?

A parameter analysis may specify different levels of a decision variable.

A parameter analysis normally causes multiple simulations to run.

No more than two variables can be simultaneously varied in a parameter analysis.

A trend chart can be used to display the results of changes in a parameter cell.

All of the above.