Question: When analyzing a model with random variables ( i . e . , variables with uncertain values ) , which of the following is the

When analyzing a model with random variables (i.e., variables with uncertain values), which of the following is the disadvantage of performing manual what-if analysis, compared to simulation?
Biased values for the outcome of interest based on the scenarios chosen
It is hard to manually pick hundreds or thousands of scenarios
All of the them
It does not provide distribution information for the outcome of interest
 When analyzing a model with random variables (i.e., variables with uncertain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!