What are the rules of thumb that can be applied to a normal distribution? What is a simulation? What value do simulations provide when analyzing and assessing IT project risks?

What is a Monte Carlo simulation? Describe a situation (other than the one used in this chapter) that could make good use of a Monte Carlo simulation.

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Normal Distribution Rules of Thumb The normal distribution also known as the bell curve is a symmetrical bellshaped probability distribution Here are ... View the full answer