True, False Question

1)Replication method is used to estimate the point-estimator variability and to construct a confidence interval around the point estimator. T/F

2)A confidence interval is a measure of risk and error. By making more and more replications, we can simulate away error and risk, which are inherent part of the system. T/F

3)For generating normally distributed random variates, the inverse transform technique cannot easily be applied. The standard normal random varieties can be generated using direct transformation technique. T/F

4)In output data analysis, autocorrelation and initialization bias are the potential issues to overcome. T/F

5)Whether a simulation is considered to be terminating or non-terminating depends on both the objectives of the simulation study and the nature of the system. T/F