Which of the following statements regarding simulation is TRUE?

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Simulation modeling is a research method that creates and analyzes a digital prototype of a physical model to predict its performance in the real world. It's used in many fields, including engineering, systems engineering, software engineering, and artificial intelligence.  Here are some types of simulation models: Monte Carlo method: A mathematical technique that predicts possible outcomes of an uncertain event. Agent-based modeling: A simulation technique that mimics the actions of individual agents inside a system. Discrete event simulation: A model that enables you to observe the... Show more

Which of the following statements regarding simulation is TRUE?