Question: In order to generate more accurate results when using simulation: use a continuous distribution instead of a discreet distribution. increase the number of replications. increase

In order to generate more accurate results when

In order to generate more accurate results when using simulation: use a continuous distribution instead of a discreet distribution. increase the number of replications. increase the number of factors considered. All of the answers choices are correct. None of the answer choices is correct. Which of the following statements is INCORRECT about simulation? Simulation is a trial-and-error approach to problem solving. Simulation analysis requires a model foundation of logical formulas that correctly express the relationships between parameters and decisions to generate outputs of interest. Increasing the number of trials increases the accuracy of a simulation. Varying the values of controllable inputs enables simulation models to identify good operating policies and decisions. One disadvantage of simulation is that it is limited in the variety of probability distributions that can be used in modeling a system

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