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PMP
Question 1 of 15
Complete the missing term below:
The ___ is a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results; i.e., by running simulations many times over in order to calculate those same probabilities heuristically.
EMV
Monte Carlo Technique
SWOT Technique
Tornado diagram
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The Monte Carlo Technique is often used in physical and mathematical problems and is most suited to be applied when it is impossible to obtain a closed-form expression or infeasible to apply a deterministic algorithm.
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