________ probability is an estimate based on personal belief, experience, or knowledge of a situation

A) Binomial
B) Subjective
C) Marginal
D) Joint

Answer: B

Business

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In the Monte Carlo process, values for a random variable are generated by sampling from a(n) ________

Fill in the blank with correct word.

Business

The ________ is the set of values and norms that govern the behavior of a population of organizations

A) environmental benchmark B) cultural cluster C) population density D) institutional environment

Business