Question: In Monte Carlo simulations, why is it important to define the distribution of input variables accurately? Group of answer choices To ensure the simulation runs

In Monte Carlo simulations, why is it important to define the distribution of input variables accurately? Group of answer choices To ensure the simulation runs smoothly To avoid the need for sensitivity analysis Because the accuracy of the output depends on it To simplify the interpretation of the results

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 Mathematics Questions!