1. In a Monte Carlo simulation potential outcomes are generated from a predefined probability distribution, whereas in Bootstrapping potential outcomes are generated by resampling, with replacement, from a known sample.

a. True

b. Fail

2. What function allow us to generate random numbers from a Uniform Distribution in Excel?

a. NORM.INV()

b. RANDBETWEEN()

c. RAND()

d. RANK()

3. The correct approach to generate random numbers from a Normal Distribution (with mean and standard deviation ) in Excel is:

a. NORM.INV(RAND(), , )

b. NORM(, )

c. NORM.DIST(RAND(),, )

d. RANK(, )