Deterministic analysis is a type of analysis that provides a single, definite solution based on mathematical models that contain no random variables. In other words, the solution is based on exact values of parameters and variables, and there is no consideration of uncertainty or randomness within the model.
On the other hand, probabilistic analysis is an approach that incorporates uncertainty or randomness into the model to predict the likelihood of possible outcomes. This type of analysis uses probability theory to estimate the likelihood of different scenarios based on certain assumptions or random variables.
In simple terms, a deterministic analysis provides an exact answer, whereas a probabilistic analysis provides a range of possible answers with different probabilities of occurrence.
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