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Identify, in order, the five steps required to implement the Monte Carlo simulation technique.
Guesses
Estimations or predictions made without sufficient information or evidence.
Probability
A branch of mathematics that deals with calculating the likelihood of a given event's occurrence, which lies between 0 and 1.
Correctly
In a manner that is free from errors or inaccuracies; accurately.
Forgot to Study
Forgot to study describes a situation where an individual does not review or prepare for an academic evaluation or task as intended, often leading to unpreparedness.
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