How accurate is FEA and CFD simulation?

How accurate is FEA and CFD simulation? (via http://blogs.solidworks.3mwdev.com)

A question I have been asked throughout the years when presenting Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD) to many companies is: How accurate is FEA and CFD simulation? While the question seems simple, the answer is not.…

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