25 May Question 31) Validation relates to building the right mo
Question
31) Validation relates to building the right model.
32) Which of the following is not an advantage of simulation?
A) It allows for the study of what-if questions.
B) Each simulation model is unique.
C) It allows the study of interaction of components or variables to determine which are important.
D) It allows time compression.
E) None of the above
33) Simulation can be effectively used in many
A) inventory problems.
B) plant layout problems.
C) maintenance policy problems.
D) sales forecasting problems.
E) All of the above
34) The Monte Carlo simulation was developed by
A) John von Neumann.
B) Eric von Brock.
C) A.K. Erlang.
D) P.K. Poisson.
E) J.D. Monte Carlo.
35) In assigning random numbers in a Monte Carlo simulation,
A) it is important to develop a cumulative probability distribution.
B) it is important to use a normal distribution for all variables simulated.
C) it is not important to assign probabilities to an exact range of random number intervals.
D) All of the above
E) None of the above
36) What is the probability of selecting any random number from a two digit table?
A) 0.001
B) 0.01
C) 0.10
D) 0.02
E) Not enough information provided
Table 13-1
The table below represents the probability distribution for machine breakdowns in a day of operation.
| Number of breakdowns | Probability | Interval of
Random Numbers |
| 0 | 0.20 | 1-20 |
| 1 | 0.30 | 21-50 |
| 2 | 0.35 | 51-85 |
| 3 | 0.15 | 86-00 |
37) According to Table 13-1, what is the cumulative probability of 2 breakdowns?
A) 0.35
B) 0.50
C) 0.85
D) 0.15
E) 0.20
38) According to Table 13-1, what is the probability of at least one breakdown?
A) 0.2
B) 0.3
C) 0.5
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