In Crystal Ball,Monte Carlo Sampling Divides Each Assumption's Probability Distribution

question 74

True/False

In Crystal Ball,Monte Carlo sampling divides each assumption's probability distribution into intervals of equal probability and generates an assumption value randomly within each interval.

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Definitions:

Allowance

An amount of money given regularly for a specific purpose or to cover expenses, often by parents to their children.

Lollipops

A type of confectionery consisting mainly of hardened, flavored sucrose with corn syrup mounted on a stick.

Oatmeal

A type of coarse flour made by grinding oats, commonly eaten as a cereal cooked with water or milk.

Budget Line

A visual depiction displaying every combination of two items a consumer is able to purchase with their income, based on the costs of these goods.