Question: Question 1 5 pts (T/F) The key reason why we do so many replications is that the result of a simulation approaches the true average

Question 1 5 pts (T/F) The key reason why we do

Question 1 5 pts (T/F) The key reason why we do so many replications is that the result of a simulation approaches the true average value of the output measure as the number of replication increases. True O False Question 2 5 pts (T/F) Simulation usually generates optimal solutions. True False D Question 3 5 pts (T/F) Simulation results can produce different results in repeated runs. True O False Question 4 5 pts The Excel function =RAND() generates random numbers that are: = between 0 and 0.9999 greater than 0 less than 1 between - 1 and 1 greater than 1

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