The flaw of averages is the reason deterministic models can be very misleading.
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Q5: If we want to model a random
Q6: A discrete distribution is useful for many
Q7: A random number from a binomial distribution
Q8: @RISK introduces uncertainty explicitly into a spreadsheet
Q9: We typically choose between a symmetric and
Q11: A probability distribution is bounded if there
Q12: The triangular distribution is sometimes used in
Q13: The uniform distribution is bounded by a
Q14: A primary difference between standard spreadsheet models
Q15: When we run simulation,the @RISK automatically keeps
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