Question: Please show work: Using Monte Carlo or Excel, this course is based of off Simio so Monte Carlo is the preferred method, but Excel would
Please show work: Using Monte Carlo or Excel, this course is based of off "Simio" so Monte Carlo is the preferred method, but Excel would be fine also.


Create a random number generator procedure that you can use in real-life at most moments of the day. The random number generator should Produce random numbers from a uniform distribution Random draws are independent Draws can occur in a reasonable amount of time e.g (1 draw a minute) No special tools, you can only use materially/objects/people commonly on you or around you
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
