Monte Carlo Analysis Is Also Known As

question 20

Multiple Choice

Monte Carlo analysis is also known as:

• A)Scenario analysis
• B)Simulation analysis
• C)Sensitivity analysis
• D)Risk analysis

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Definitions:

Increased Efficiency

The improvement of a process, system, or machine to achieve more output with the same amount of input or less, effectively reducing waste and increasing productivity.

Carpal Tunnel Syndrome

A condition caused by pressure on the median nerve in the wrist, leading to pain, numbness, and other symptoms in the hand and arm.

Manual Tasks

Physical work carried out by individuals mostly involving the use of their hands and physical effort, as opposed to work done using machines or technology.

Continual Basis

An ongoing, without interruption, process or activity.