Question: Monte Carlo simulation is used to Predict a future outcome. Gain understanding of the viability of a design. Test for product reliability. O Estimate risk

Monte Carlo simulation is used to Predict a future outcome. Gain understanding of the viability of a design. Test for product reliability. O Estimate risk associated with an investment. O All of the other answers are correct. The following are examples of decisions that could be incorporated in a Monte Carlo simulation: Achieving sales of more than $10,000 next quarter. Training an employee who turns out to be an excellent worker. Making a job offer to a person with a certain level of analytical skills. Receiving a recommendation letter from a professor. None of the other answers are correct

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