Question: 12-9 Define (a) sensitivity analysis, (b) scenario analysis, and (c) simulation analysis. If GE was considering two projects (one for $500 million to develop a
12-9 Define
(a) sensitivity analysis,
(b) scenario analysis, and
(c) simulation analysis. If GE was considering two projects (one for $500 million to develop a satellite communications system and the other for a $30,000 new truck) on which project would the company be more likely to use a simulation analysis?
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