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Which of the following is NOT a true statement? a)Monte Carlo simulation: a simulation that experiments with probabilistic elements of a system by generating random
Which of the following is NOT a true statement?
a)Monte Carlo simulation: a simulation that experiments with probabilistic elements of a system by generating random numbers to create values for those elements
b) Explore big data with prescriptive analytics such as linear programming is possible
c)LEGO uses Monte Carlo simulations to look at budget risk and credit risk
d)Strategic risk management at LEGO has five building blocks
e)RAND(): an Excel function that generates a random number between 0 and 1 each time it is computed.
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