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    Sensitivity Analysis and CEA

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    In your own words define what a sensitivity analysis is and discuss why it is a critical step in conducting CEA. Provide examples.

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    In your own words define what a sensitivity analysis is and discuss why it is a critical step in conducting CEA. Provide examples.

    Sensitivity analysis is a tool used to determine how performance is affected by change based on an assumption of the performance. It is also used to compare a number of scenarios and their likely outcome. ...

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    The solution defines what sensitivity analysis is and discusses why it is a critical step in conducting CEA.

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