What is the basic simulation technique called?
A) ANOVA
B) Monte Carlo method
C) stratified sampling
D) multistage sampling

Question

Quizplus · Accepted Answer

The basic simulation technique is called the Monte Carlo method, which involves using random sampling to generate a large number of scenarios in order to estimate the probability of various outcomes. ANOVA, stratified sampling, and multistage sampling are all different statistical techniques that do not necessarily involve simulation.

What Is the Basic Simulation Technique Called