Question: Select the least accurate statement regarding simulation. In a simulation, correlation between two random input variables may change the mean of an output, but it

Select the least accurate statement regarding

Select the least accurate statement regarding simulation. In a simulation, correlation between two random input variables may change the mean of an output, but it will not affect the variability and shape of an output distribution. Simulation can be used to model the effects of uncertainty on system performance. O@Risk is an example of an Excel add-in with simulation capability. It is possible to create simulation models in Excel without Excel add-in software. The accuracy of simulation statistics improves as the number of simulation trials (or iterations) increases

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