Question 30What caution(s) need to be considered when constructing a simulation model?O Validity of the data & assumptionO The development of an accurate model is often costly.O The effort may be time-consuming.All of the answers are correct.

Simulation is the imitation of the operation of a real world process.

Answered: What caution(s) need to be considered…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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What caution(s) need to be considered when constructing a simulation model? Validity of the data & assumption O The development of an accurate model is often costly. The effort may be time-consuming. OAll of the answers are correct.