Question: The purpose of using a continuous probability distribution in a Monte Carlo simulation model is to model a quantity that _ _ _ _ _

The purpose of using a continuous probability distribution in a Monte Carlo simulation model is to model a quantity that ______?
Group of answer choices
can only take on specific, predetermined values.
can take on any value within a given range.
is deterministic.
is not important for the simulation outcome.

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 Databases Questions!