g. The second main step of Monte Carlo simulation is random variable generation. h. Random number generation is an optional step in Monte Carlo simulation. i. The probability distribution of random numbers in a Monte

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter10: Introduction To Simulation Modeling
Section10.2: Probability Distributions For Input Variables
Problem 1P: Use the RAND function and the Copy command to generate 100 random numbers. a. What fraction of the...
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g. The second main step of Monte Carlo simulation is random variable generation.
h. Random number generation is an optional step in Monte Carlo simulation.
i. The probability distribution of random numbers in a Monte Carlo simulation should be: (–1,1] .

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