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A type of simulation method using random numbers to determine the evolution of a system is
Answer & Solution
Correct Answer:
Option
B
1) A type of simulation method using random numbers to determine the evolution of a system is Monte carlo.
2) Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.
2) Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.
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