Define (a) Sensitivity analysis, (b) Scenario analysis, and (c) Simulation analysis. If GE was considering two projects
Question:
(a) Sensitivity analysis,
(b) Scenario analysis, and
(c) Simulation analysis. If GE was considering two projects (one for $500 million to develop a satellite communications system and the other for $30,000 for a new truck), on which project would the company be more likely to use a simulation analysis?
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Simulation analysis involves working with continuous probability ...View the full answer
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