1. A variable whose value cannot be predicted or set with certainty is a:. a. discrete variable
b. random variable
c. realistic variable
d. simulation variable
2. If chance or uncertainty is present in a system then there is an element of in the decision-making problem.
a. danger
b. security
c. risk
d. difficulty
3. Best case analysis is a(n) view of the problem.
a. pessimistic
b. optimistic
c. risky
d. certain
4. Worst case analysis is a(n) view of the problem.
a. pessimistic
b. optimistic
c. risky
d. certain
5. What method is used to generate observations from a distribution?