Which of the following has a cycle-true set of simulation?

Which of the following has a cycle-true set of simulation? Correct Answer fine-grained model

The fine-grained model has the cycle-true instruction set simulation. In this modelling, it is possible to compute the exact number of clock cycles which is required to run an application.

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Although all four phenotypes are generated by simulation the numbers are different than those generated by simulation How can this best be explained?