Random numbers used in Monte Carlo simulation are generated by computer or from random number tables.
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Q1: A Monte Carlo simulation implies that randomness
Q3: The purpose of running experiments on a
Q4: When simulating numbers for an Exponential distribution,a
Q5: In the sets of random numbers,every possible
Q5: Simulation is basically an optimizing technique.
Q8: A simulation model is validated if it
Q8: Simulation is used to determine the optimal
Q9: Simulation is useful in situations that are
Q10: A Normal distribution has a mean of
Q11: Monte Carlo simulation is only applicable to
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