_____ randomly generates specific values for a variable with a specific probability distribution.
A) Discrete Distribution
B) Normal Distribution
C) Pert Distribution
D) Monte Carlo Simulation
E) Binomial Distribution

Question

Quizplus · Accepted Answer

Monte Carlo Simulation is a modeling technique used in a variety of fields to generate random variables and analyze the potential outcomes of a situation. It involves using random numbers and probability distributions to simulate a range of possible outcomes, providing valuable insights into the behavior of complex systems.

_____ Randomly Generates Specific Values for a Variable with a Specific