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Provide a detailed explanation of the monte carlo simulation

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Reference no: EM131742802

Discussion

A Monte Carlo simulation is one approach to dealing with uncertainly in a decision. In 2-3 pages, write a paper that provides a detailed explanation of the Monte Carlo simulation (in your own words but using supporting references), and provide an example of how you would use it in a decision-making process. Multiple scholarly sources should be used and referenced. Use APA Format.

Reference no: EM131742802

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