In order to study real-world phenomena, experts may prefer a variety of simulation techniques or models, including the Monte Carlo simulation. Choose the answer that best describes when a Monte Carlo simulation would be most useful. When we are only focused on average values, and don't want to include any data range (ie, data variation or some level of data uncertainty) in the model. When we only care about variation and not about computing average values such as average wait time. average service time etc. When we want to model a single, specific future known as a scenario. O When we want to simulate many different futures or scenarios based on probability distributions associated with past observations