Monte Carlo simulation is likely to be most useful:
A) For very complex problems
B) For problems of moderate complexity
C) For very simple problems
D) Regardless of the problem's complexity

Question

Quizplus · Accepted Answer

Monte Carlo simulation is particularly useful for very complex problems where analytical solutions are difficult or impossible to obtain. It uses random sampling to approximate solutions, making it ideal for handling complexity and uncertainty.

Monte Carlo Simulation Is Likely to Be Most Useful