OPS Homework 4

Finding an optimal solution

is not part of a Monte Carlo simulation.

False

A long period of real time cannot be represented by a short period of simulated time.

True

Random numbers are equally likely to occur.

E. detectable pattern

Please indicate which one of the following options is not correct? Pseudorandom numbers exhibit a(n) ________ in order to be considered truly random. A. Unlimited number of possible outcomes B. Uniform distribution C. undetectable pattern D. undetectable run of certain numbers E. detectable pattern

True

Random numbers generated by a mathematical process instead of a physical process are pseudorandom numbers

False

Simulation results will always equal analytical results if 1000 trials of the simulation have been conducted.