Monte Carlo simulation is always associated with:
A)computers.
B)multiple-decision criteria.
C)gambling.
D)chance or random components.
E)a town in southern Italy.

Name: Monte Carlo simulation is always associated with: A)computers. B)multiple-decision criteria. C)gambling. D)chance or random components. E)a town in southern Italy.
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Question

Quizplus · Accepted Answer

Monte Carlo simulation is a statistical technique that relies on random sampling and chance to model and analyze complex systems or processes.

Monte Carlo Simulation Is Always Associated With