Simulations are aimed at solving the problems quickly using computer power.
To carry out a simulation, the given process needs to be modeled appropriately. The assumptions involved in the model should be well justified and the results of the simulation should be interpreted taking into account these assumptions.
There are several things to be taken care of while simulating a problem. Firstly, the action that needs to be simulated should be well-defined rigorously and a scale for quantification needs to be set. The quantified action should be assigned numerical values.
The simulation needs to be ran a sufficient number of times to ensure that biases are removed. To determine the number of times the simulation needs to be run, a power test is performed.
Different sample sizes are used to ensure randomization.
Therefore, the only incorrect option is D.
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