Which of the following is NOT a step in running a Monte Carlo simulation?
A)setting up a probability distribution for important variables
B)building a cumulative probability distribution for each variable
C)establishing an interval of random numbers for each variable
D)generating random numbers
E)All of the above are steps in running a Monte Carlo simulation.

Question

Quizplus · Accepted Answer

All the listed steps are part of running a Monte Carlo simulation, including setting up probability distributions, building cumulative distributions, establishing intervals of random numbers, and generating random numbers.

Which of the Following Is NOT a Step in Running