Output Analysis

Question 1

is the analysis of data generated by a simulation run to predict or compare the performance of two (2) or more system designs.

Answer 1

Output analysis

Question 2

Output analysis is performed since the output data from a simulation exhibits random variability when random or pseudorandom generators are
in use. (true or false)

Answer 2

true

Question 3

Output analysis can determine the estimate of the mean and variance of random variables or the number of observations required to achieve a desired estimate precision. (true or false)

Answer 3

true

Question 4

The output data of simulation models are used to help evaluate
performance measures – reflect the characteristics of the stochastic
process being modeled. (true or false)

Answer 4

true

Question 5

The … also known as the average, gives the fundamental characteristics of the output data

Answer 5

mean

Question 6

The …, to summarize the variability of the output data

Answer 6

standard deviation

Question 7

The …, also known as the histogram, represents the distribution of the output data

Answer 7

frequency plot

Question 8

are functions that are used to find an approximate value of a population parameter from random samples in the population

Answer 8

Point estimators

Question 9

This pertains to the different between the expected value of the estimator and the value of the parameter being estimated

Answer 9

Bias

Question 10

This states how close is the point estimator to the value of the parameter as it increases in size

Answer 10

Consistency

Question 11

The efficiency of the estimator depends on the distribution of the population.

Answer 11

Efficiency

Question 12

the desired parameter to be estimated lies between the two (2) values, I and u, that define the interval with a given probability.

Answer 12

Interval estimation

Question 13

is the statistical tool mainly used in output analysis

Answer 13

Confidence interval

Question 14

states that as the number of samples (n >= 30) increases, the distribution of the mean will be approximately normal.

Answer 14

Central Limit Theorem (CLT)

Question 15

is the measure of risk or uncertainty. It is a range of values that is likely to contain the value of a single new observation given a specific setting or initial condition

Answer 15

Prediction interval

Question 16

predict the spread for individual observations rather than the mean

Answer 16

Prediction interval