Question: Select the least accurate statement regarding functions used in simulation modeling. The difference between STDEV.S and STDEV.P is STDEV.S computes the sample standard deviation of

Select the least accurate statement regarding

Select the least accurate statement regarding functions used in simulation modeling. The difference between STDEV.S and STDEV.P is STDEV.S computes the sample standard deviation of simulation results whereas STDEV.P computes the standard deviation of simulation results under the assumption that the results are normally distributed. COUNTIF function can be used to compute the number of simulation trials that result in profit above a particular value. The RAND function in combination with VLOOKUP can be used to generate random values consistent with a discrete probability distribution that is estimated from historical data. AVERAGE can be used to estimate the mean profit from a decision from the results of a simulation. ROUND can be used to round a value to 2 decimal places (i.e., to the nearest hundredth)

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