If Significant Changes Take Place in an Existing System or If

question 73

Multiple Choice

If significant changes take place in an existing system or if a new version is released, the IT department might develop a ____.

• A) user training package
• B) documentation process
• C) maintenance module
• D) all of the above

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Definitions:

Monte Carlo Sampling

A statistical technique that utilizes random sampling and probability to solve problems that might be deterministic in principle.

Latin Hypercube Sampling

A statistical method used in simulations that stratifies the sample space to ensure a more comprehensive exploration of variables across their entire range of values.

Assumption's Probability Distribution

The theoretical distribution of probabilities assigned to all possible values of a variable based on certain assumptions.

NPV

Net Present Value; a financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.