Question: solve What is the first step in a Monte Carlo analysis? O Run a deterministic analysis or one pass through the model using the combination

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What is the first step in a Monte Carlo analysis? O Run a deterministic analysis or one pass through the model using the combination of values selected for each one of the variables. Determine the probability distribution of each variable. O Collect the most likely, optimistic, and pessimistic estimates for the variables in the model. For each variable, such as the time estimate for a task, select a random value based on the probability distribution for the occurrence of the variable. O

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