Examlex
Which of the following must be established to succeed in a negligence action?
Monte Carlo Simulation
A mathematical technique that uses statistical sampling to estimate the probability of various outcomes in a process that cannot easily be predicted due to the intervention of random variables.
External Complexity
Factors outside a project or organization that add difficulty to managing or completing tasks, such as regulatory changes or market volatility.
Unknown Factors
These are unpredictable elements or conditions that can impact the outcome of a project, often requiring contingency planning.
Lack of Familiarity
The absence of knowledge or acquaintance with software, processes, or systems.
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