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When considering the symmetric approximation and monte

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When considering the symmetric approximation and Monte Carlo risk approaches... Both make the assumption that the total cost distribution is uniform. The symmetric approximation assumes the total cost distribution is normal, while the Monte Carlo simulates the total cost distribution. Both make the assumption that the total cost distribution is normal. The symmetric approximation determines the total cost distribution, while the Monte Carlo assumes the total cost distribution is normal.

Reference no: EM13602960

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