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"Please submit your end-of-the year report by December 31, 2015, so we can include your accomplishments in our report to the Corporate Office due January 20, 2016." Is it appropriate to give the report due date in this sentence?
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, especially to calculate risks and uncertainties in predictive and forecasting models.
Cumulative Probability
The probability of obtaining a result equal to or less than a specific value within a statistically distributed set of data.
Demand Probability
The likelihood or chance that a product or service will be desired or required by the market at a certain time.
Monte Carlo Simulation
A statistical technique employing random variables to simulate a model numerous times, thereby estimating the probable outcomes of various decisions or future events.
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