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    Principles of Managerial Finance
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    Exam 12: Risk and Refinements in Capital Budgeting
  5. Question
    Simulation Is a Statistics-Based Behavioral Approach That Applies Predetermined Probability
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Simulation Is a Statistics-Based Behavioral Approach That Applies Predetermined Probability

Question 103

Question 103

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Simulation is a statistics-based behavioral approach that applies predetermined probability distributions and random numbers to estimate risky outcomes.

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