Question: 9. Which statement is NOT correct regarding the Monte Carlo Simulation? D. Finding the probability distribution for each unknown factor is not required in a

9. Which statement is NOT correct regarding the Monte Carlo Simulation?

D. Finding the probability distribution for each unknown factor is not required in a Monte Carlo simulation

C. Monte Carlo simulation makes creating big data sets possible.

B. Monte Carlo simulation is a good analytics method to consider uncertainties

A.Monte Carlo simulation can help analysts consider risk factors when making decisions.

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