PMI Risk Management Professional test

48:00

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PMI-RMP - Specialized Risk Analysis Methods - Decision Tree Analysis

Intermediate

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In a Monte Carlo simulation, which statement accurately describes the use of Latin Hypercube sampling versus Simple Random sampling?

Latin Hypercube sampling focuses primarily on the extreme values of the distribution while Simple Random sampling covers the entire range of possibilities

Simple Random sampling provides more accurate results as it maintains consistent intervals between selected values in the probability distribution

Latin Hypercube sampling ensures equal representation across the probability distribution by dividing it into segments

Latin Hypercube sampling requires fewer iterations than Simple Random sampling because it only samples from the mean values of the distribution

In a Monte Carlo simulation, which statement accurately describes the use of Latin Hypercube sampling versus Simple Random sampling? .spinner_0XTQ{transform-origin:center;animation:spinner_y6GP .75s linear infinite}@keyframes spinner_y6GP{100%{transform:rotate(360deg)}}

In a Monte Carlo simulation, which statement accurately describes the use of Latin Hypercube sampling versus Simple Random sampling?