The random numbers used in Monte Carlo simulations come from:
A)any source
B)a table of sequential numbers
C)sequential numbers after the simulation has been run once.
D)computer generated numbers
E)specifically selected random numbers based on sample size.

Question

Quizplus · Accepted Answer

The random numbers used in Monte Carlo simulations are typically generated by a computer, using a pseudorandom number generator. These generators use algorithms to produce a sequence of numbers that appear random, but are actually deterministic. Using a computer-generated random number generator ensures that the numbers used in the simulation are truly random and independent, which is essential for accurate results.

The Random Numbers Used in Monte Carlo Simulations Come From