Question: In assigning random numbers in a Monte Carlo simulation, a. it is important to develop a cumulative probability distribution. b. it is important to use

In assigning random numbers in a Monte Carlo simulation,

a. it is important to develop a cumulative probability distribution.

b. it is important to use a normal distribution for all variables simulated.

c. it is not important to assign probabilities to an exact range of random number intervals.

d. all of the above.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Quantitative Analysis For Management Questions!