Question
1:Compare and contrast Monte Carlo Simulations with decision trees, decision matrices, and pro/con lists. What are their relative strengths and weaknesses for decision-making? Strengths Weakness
1:Compare and contrast Monte Carlo Simulations with decision trees, decision matrices, and pro/con lists. What are their relative strengths and weaknesses for decision-making?
Strengths Weakness Applications
Pro / Con
Decision Matrix
Decision tree
Monte Carlo
2:For each of the four tools, what kinds of decisions is it most helpful? Provide examples of applications.
3: include a spreadsheet that uses RANDBETWEEN to simulate ten students' scores on this module's quiz.
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
