Which of the Following Statements Is TRUE

question 17

Multiple Choice

Which of the following statements is TRUE?

• A) I
• B) II and III
• C) I, II, and III
• D) I and III

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Definitions:

Assumptions

Foundational ideas accepted as true without proof, used as the basis for reasoning or argument.

Crystal Ball

A predictive analytics software offering risk analysis, simulation, and forecasting functionalities, often used for project management and financial forecasting.

Monte Carlo Simulation

A computational technique that uses random sampling to approximate the probability of various outcomes in a process.

Random Values

Numbers or outcomes generated in a manner that follows no discernible pattern, often used in simulations or statistical sampling.