QUESTION $1$

A normal distribution with a lower standard deviation is more spread out.

True

False

QUESTION $2$

What is the objective of simulation analysis?

Identify decisions that yield best average performance for the problem at hand.

Identify decisions that guarantee the best outcome in every business scenario.

Predict what value an important output will take, given the value of certain inputs.

Describe the relation between input and output variables.

QUESTION $3$

Once a simulation model for a business problem is constructed, generating a set of random numbers will reveal the best decision$($s$)$ the manager can make.

True

False