Simulations with Arena questions: ______________________________________________________________________________

1) If 100 data points are good than 1000000 data points are always better.

a) True

b) False

2)

"A simple model (or solution to a problem) is usually better than a more complicated model" is a short form of: ______________________________________________________________________________

a) The Central Limit Theorem

b) The second fundamental law of probability

c) Occam's Razor

d) the KIS method