Excel can be used to perform
A) discrete, next-event simulation.
B) continuous simulation.
C) analog simulation.
D) Monte Carlo simulation.

Question

Quizplus · Accepted Answer

Excel is commonly used for Monte Carlo simulation, which involves using random sampling to simulate and analyze the possible outcomes of a decision or situation. Excel has built-in functions for generating random numbers and performing statistical analyses, making it a popular choice for this type of simulation.

Excel Can Be Used to Perform