A type of simulation method using random numbers to determine the evolution of a system is
A. Model dispersion
B. Monte carlo
C. Monadic
D. Padding
E. None of the above
Answer: Option B
Solution(By Examveda Team)
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.
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