In assigning random numbers in a Monte Carlo simulation,
A)it is important to develop a cumulative probability distribution.
B)it is important to use a normal distribution for all variables simulated.
C)it is not important to assign probabilities to an exact range of random number intervals.
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

Developing a cumulative probability distribution is necessary for accurately assigning random numbers in a Monte Carlo simulation. Using a normal distribution for all variables simulated may not be appropriate and it is important to assign probabilities to an exact range of random number intervals.

In Assigning Random Numbers in a Monte Carlo Simulation