Examlex
Prepare entries to record the following transactions for Maine Corp.:
Crystal Ball
Software used for predictive modeling, forecasting, simulation, and optimization.
Sensitivity Charts
Visual tools that display how changes in input variables affect the output of a model, commonly used in decision analysis.
Cumulative Net Profit
The total amount of profit or loss made over a given period after all expenses are taken into account.
Probability
The quantification of the chance that an event happens, indicated by a numerical range from 0 to 1.
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