Question 1 2 Pts Which Of The Following Is True Of Well Designed Spreadsheets Separate The Inputs From The Outputs Of T 1 (66.38 KiB) Viewed 78 times
Question 1 2 pts Which of the following is true of well-designed spreadsheets? Separate the inputs from the outputs of the model in the spreadsheet, but try to keep them close together so that the user can see changes to the output when inputs are changed. Use as many colors as possible to distract the user from data entry errors. Do not allow the user to change ANY inputs of the model in the spreadsheet to protect the integrity of the model. Hardcode formulas as much as possible to prevent them from being changed. Question 2 2 pts Which Excel function is used to generate a random variable from a normal distribution to be used as an input distribution in Excel? O ENORM.DISTO O ENORM.INVO =NORMALO O ENORM.S.DISTO
Question 3 2 pts Which of the following functions can be used in Excel to create a histogram for an output distribution in a Monte Carlo simulation model? =OUTPUTTABLE() =POISSONO O=FREQUENCYO VLOOKUP() Question 4 2 pts Which of the following would be an appropriate step to verify your Monte Carlo simulation code? Ask another person who is knowledgeable in building Monte Carlo simulation models to look over your model for errors. Determine all random number possibilities by hand to check the output. Run the simulation model multiple times to see if you get the exact same output answers. Reduce the number of simulation trials in the model to insure that you generate more accurate output values.
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