All Forms of Simulation Are Based on Probability or Chance

question 58

True/False

All forms of simulation are based on probability or chance.

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Definitions:

Extreme

Refers to values in a data set that are significantly higher or lower than the majority of the values.

Mild

Describes something that is gentle or not severe in effect or degree.

Contingency Table

A table used in statistics to display the frequency distribution of variables, showing the number of observations for each combination of two categorical variables.

Mutually Exclusive

Two events that cannot both occur at the same time, often referenced in probability and statistics to describe situations where the happening of one event excludes the occurrence of another.