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Which statement is true for the Monte Carlo method? a . It is a two - dimensional grid that plots the probability of an event
Which statement is true for the Monte Carlo method?
a It is a twodimensional grid that plots the probability of an event likelihood and the severity of the consequences impact if the event does occur.
b It is a graphical tool used in risk management to depict the range of possible outcomes for a given event, along with the likelihood of each outcome.
c It calculates both the likelihood of a threat and its possible impact.
d It is a statistical technique that generates and analysis a large number of possible outcomes.
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