Which of the Following Is a Disadvantage Associated with Using

question 2

Multiple Choice

Which of the following is a disadvantage associated with using Monte Carlo simulation?

• A)Overly precise calculations
• B)People prefer one clear figure to probabilities
• C)Effectively represents a "guesstimated" risk- adjusted approach
• D)Assumes that the key factors are correlated with each other
• E)All of the above are disadvantages

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Definitions:

Sports Viewers

Individuals who watch sports events, whether through live attendance, television broadcasting, or online streaming platforms.

Sample Data

A subset of individuals or observations taken from a larger population, used to estimate characteristics of the whole population.

Percentages

Numerical values expressed as a fraction of 100, used to describe proportions or ratios.

Significance Level

A threshold of probability set before an experiment to determine the acceptability of the evidence against the null hypothesis.