Simulation in Quantitative Analysis Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What property best describes a uniform distribution?

Question 2 2. When run thousands of times, computer simulation outputs can be used for what purpose?

Question 3 3. When running a simulation, how can data be selected randomly if it is not uniformly distributed?

Question 4 4. Pseudorandom numbers have what property that makes them useful for computer simulation purposes?

Question 5 5. Why does using random selections make sense when running computer simulations?

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Question 6 6. Risk analysis using a Monte Carlo Simulation is performed:

Question 7 7. What can be expected at the end of a Monte Carlo Simulation?

Question 8 8. In what scenario is application of the Monte Carlo Simulation most suitable?

Question 9 9. A Monte Carlo Simulation can be used to:

Question 10 10. The Monte Carlo Simulation arose from a desire to:

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Question 11 11. What additional element does a special purpose simulator typically require?

Question 12 12. A strong visual representation of a simulation can often be represented in the form of a _____.

Question 13 13. Which simulator is not a subcategory of a general simulator?

Question 14 14. In project management, a simulation tool is designed to _____

Question 15 15. Which is NOT one of the four phases of a simulation process?

Simulation in Quantitative Analysis Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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