​The Term Monte Carlo Simulation Refers to Any Simulation That

question 62

Multiple Choice

​The term Monte Carlo simulation refers to any simulation that involves

• A)​what-if analysis
• B)​discrete-event modeling
• C)​the comparison of worst-case and best-case scenarios
• D)​randomly generating values for the probabilistic inputs

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Definitions:

Categorical

Absolute or unqualified; relating to categories or being in a category.

Medical Model

A framework that views diseases and disorders primarily from a biological standpoint, focusing on diagnosis, treatment, and cure often within a healthcare setting.

Predictive Validity

The extent to which a score on a scale or test predicts future performance or outcomes.

Dimensional Approach

A method of categorizing characteristics on a continuum rather than as binary, present-or-absent categories.