A Computerized Mathematical Technique That Furnishes the Decision Maker with a Range

question 36

Multiple Choice

A computerized mathematical technique that furnishes the decision maker with a range of possible outcomes and the probabilities of occurrence for any choice of action best defines

• A)Monte Carlo simulation.
• B)SWOT analysis.
• C)Six Sigma.
• D)DMAIC.

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Definitions:

Global Network

A worldwide interconnected infrastructure, enabling businesses to transact, communicate, and collaborate across borders.

Demand

The amount of a particular product or service that consumers are willing and able to purchase at a given price.

Interventricular Septum

The wall of tissue that separates the right and left ventricles of the heart.

Mitral Valve

A valve in the heart located between the left atrium and left ventricle that allows blood to flow in one direction from the atrium to the ventricle.