Explain what is meant by a Monte Carlo simulation
What will be an ideal response?
The basic idea in Monte Carlo simulation is to generate values from probability distributions for the variables making up the model being studied.
Business
You might also like to view...
Few sport venues have the ability to generate significant revenue beyond game days.
a. true b. false
Business
What percentage of business owners used money of their own, or from their families, to start or buy a business?
A) less than 20 % B) between 20% and 40% C) between 40% and 60% D) more than 60 %
Business