Generally, Monte Carlo models, for project analysis, use which device to generate simulations?
A)Pair of dice
B)Roulette wheel
C)Computer
D)Pack of cards

Question

Quizplus · Accepted Answer

Monte Carlo models require a large number of simulations to be run in order to obtain meaningful results. Running these simulations manually using dice, roulette wheels, or cards would be impractical. Therefore, the most efficient and accurate way to generate simulations for Monte Carlo models is by using a computer.

Generally, Monte Carlo Models, for Project Analysis, Use Which Device