Which of the following is a common simulation technique?
A) ANOVA
B) Monte Carlo method
C) stratified sampling
D) multistage sampling

Question

Quizplus · Accepted Answer

Monte Carlo method is a common simulation technique used to model and analyze complex systems. It involves generating random inputs and using them to simulate the behavior of the system. This technique is widely used in various fields such as finance, engineering, and physics to generate statistical models and make predictions about the behavior of systems. ANOVA, stratified sampling, and multistage sampling are techniques used in hypothesis testing and sampling methods, and are not related to simulation.

Which of the Following Is a Common Simulation Technique