Task Performance Objectives: At the end of the exercise, the students should be able to: Deduce the importance of modeling and simulation in real-life applications; and Propose feasible real-life applications of modeling and simulation. Instructions: Select one (1) type of industry from the list below. Education/Educational Services Gaming Industry Fashion/Clothing Farming/Agriculture Medical/Healthcare Services Manufacturing Industry Answer the following questions based on the industry that you have selected above (10 items x 5 points). 1. Propose one (1) real-life problem/scenario/condition that you would like to simulate. 2. Who would benefit from your proposed simulation and how 3. What are the possible impacts of your proposed simulation study on the industry that you have selected? 4. List all the possible system components related to the modeling and simulation that you would like to conduct. Briefly describe each component. 5. Is there any aleatory variable that would be involved in the modeling and simulation process? Rationalize your answer. 6. What specific simulation technique would be appropriate for your study? Why? 7. Is it possible to apply the queueing theory to your study? Why or why not? 8. Briefly describe the input data collection process that you would conduct for your study