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List the questions addressed in setting a specific objective.
Cumulative Probability Distribution
A cumulative probability distribution shows the probability that a random variable will take a value less than or equal to a specific value, summarizing the probabilities in a distribution up to a certain point.
Random Number Intervals
Defined ranges within which a random number can be generated, typically used in statistical sampling, simulations, and randomization techniques.
Simulation Run
A process by which a computer model is used to emulate a real-world process or system over time.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to estimate complex probabilistic or deterministic systems.
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