Question: An analyst is asked to explain Monte Carlo simulation to a client. The analyst is most accurate when she states that a Monte Carlo simulation:

An analyst is asked to explain Monte Carlo simulation to a client. The analyst is most accurate when she states that a Monte Carlo simulation:

Group of answer choices

A. can be completed without using a computer.

B. does not provide an exact result, but instead provides statistical estimates.

C. is best used for a simple financial system because it does involve numerous calculations.

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