What plans are preferable when uncertainty is high in the business environment?

To find the equilibrium state in Markov analysis,

A) it is necessary to know both the vector of state probabilities and the matrix of transition probabilities. B) it is necessary only to know the matrix of transition probabilities. C) it is necessary only to know the vector of state probabilities for the initial period. D) one should develop a table of state probabilities over time and then determine the equilibrium conditions empirically. E) None of the above

In the Monte Carlo process, values for a random variable are generated by ________ a probability distribution

A) sampling from B) running C) integrating D) implementing