The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling stra

Question

3 years ago

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The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling stra

tegies is called:A. gambler's approach.B. blackjack approach.C. scenario analysis.D.Monte Carlo simulation.E. sensitivity analysis.

Business

1 answer:

ICE Princess25 [194] · Answer 1 · 2022-04-11T02:02:42+03:00

Answer:

The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called Monte Carlo simulation.

The correct answer is D

Explanation:

Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.