A simulation that is based on randomly generating specific values that have an equal chance of appearing, such as numbers on a set of dice, is often referred to as a ____ simulation.
A) Las Vegas
B) Blackjack
C) Lucky 7
D) Monte Carlo

Question

Quizplus · Accepted Answer

A simulation that generates random values using probability distributions is commonly referred to as a Monte Carlo simulation. This approach allows for the simulation of complex systems and is widely used in various fields, including finance, engineering, and physics. The other choices in the question (Las Vegas, Blackjack, and Lucky 7) do not have a direct connection to random simulations or probability distributions.

A Simulation That Is Based on Randomly Generating Specific Values