(See related pages)
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| Certainty and risk Understand the different approaches to decision making under certainty and under risk. |
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| Variables and distributions Construct the probability distribution and cumulative distribution for a variable. |
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| Random sample Develop a random sample from the cumulative distribution of a variable. |
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| Average and dispersion Estimate the expected value and standard deviation of a population from a random sample. |
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| Monte Carlo and simulation Use Monte Carlo sampling and the simulation approach to select an alternative. |