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In General, as the Number of Probabilistic Components of a System

question 36

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In general, as the number of probabilistic components of a system increases, the more likely it is that simulation will be the best analysis approach.


Definitions:

Bailor

An individual or entity that entrusts possession of goods or property to another (the bailee) under an agreement.

Bailment

A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another who subsequently has possession of the property.

Personal Property

Movable assets owned by an individual or corporation, excluding real estate.

Agreed-Upon Manner

pertains to a method or process that all involved parties have mutually accepted or consented to follow.

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