Why Is Sensitivity Analysis Less Realistic Than Monte Carlo Simulation

question 23

Essay

Why is sensitivity analysis less realistic than Monte Carlo simulation?

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Definitions:

Not Guilty by Reason of Insanity

A legal defense where a defendant claims they were unable to understand the nature of their crime or differentiate right from wrong due to a mental disorder at the time of the offense.

Institutionalized

The process of establishing something as a norm or standard within an organization or culture, or the state of being accustomed to a specific routine or environment, often used in the context of long-term care or imprisonment.

Not Guilty by Reason of Insanity

A legal defense wherein the defendant is considered not responsible for their criminal actions due to a psychiatric disease or defect at the time of the criminal act.

Maximum-Security Prison

A highly secured correctional facility designed to house and manage the most dangerous inmates with stringent measures.