Examlex
Which of the following statements about novices and experts is TRUE?
Monte Carlo Simulation
A computational algorithm that relies on repeated random sampling to obtain numerical results, often used to model probabilities of different outcomes in a complex system.
Random Numbers
A sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance, often used in simulations and statistical sampling.
Standard Probability Distributions
Specific mathematical functions that provide the probabilities of occurrence of different possible outcomes for a particular phenomenon.
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