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    Exam 11: Monte Carlo Simulation
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    A Description of the Range and Relative Likelihood of Possible
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A Description of the Range and Relative Likelihood of Possible

Question 27

Question 27

Multiple Choice

A description of the range and relative likelihood of possible values of an uncertain variable is known as a


A) risk analysis.
B) probability distribution.
C) base-case scenario.
D) simulation optimization.

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