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?