Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?
A. Sensitivity analysis
B. Three-point estimate
C. Modeling and simulation
D. Expected monetary value analysis
Answer:D
Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?
A. Sensitivity analysis B. Three-point estimate C. Modeling and simulation D. Expected monetary value analysis