WorksheetsDecision Making Techniques 116
Total questions: 4
Worksheet time: 3mins
Name
Class
Date
1.
What is the primary purpose of Monte Carlo Simulation?
a)
To optimize linear systems
b)
o perform exact analytical calculations
c)
To model uncertainty and variability
2.
Monte Carlo Simulation relies heavily on which of the following?
a)
Differential equations
b)
Random sampling
c)
Logical reasoning
3.
In Monte Carlo Simulation, increasing the number of simulations generally:
a)
Decreases accuracy
b)
Has no effect
c)
Improves the reliability of results
4.
Monte Carlo methods are particularly useful when:
a)
The system is simple and predictable
b)
The data is perfectly clean
c)
Analytical solutions are difficult or impossible
100 %
