_____ simulation is a statistical model used on projects, which simulates a possible range of outcomes by trying many different combinations of risks based on their likelihood.

A) Discrete-event
B) Monte Carlo
C) Deterministic modeling
D) Mixed-mode
E) Parallel

Monte Carlo

A statistical method utilizing random sampling to approximate the probability of certain outcomes in decision making or physical systems.

Discrete-event

Pertains to a type of simulation modeling that represents systems as a series of distinct events occurring at specific points in time.

Deterministic Modeling

A mathematical approach used in planning and decision-making that assumes a certain outcome based on known variables, without accounting for randomness or uncertainty.