Question

An easy to use approach that is well adapted to evaluating risk in certain situations is known as

Answer 1

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The answer of ur question is


♢ Symmetric -An easy to use approach that is well adapted to evaluating risk in certain situations.....



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Answer 2

Monte Carlo simulation is an easy approach that is well adapted to ‘evaluating risk’ in certain situations.

Explanation:

• The method of ‘Monte Carlo simulation’ is used as a mathematical tool for generating random variables for a situation of uncertainty or modeling the risk of a certain system.  

• The random variables or inputs are used for obtaining different results through random sampling.  

• These are used in mathematical and physical problems and are based on probability distributions such as normal, log normal, and more situations.

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