Question

Monte carlo simulation generates many outcomes that are organized into a frequency distribution.

Answer 1

The statement is True, Monte Carlo simulation generate many outcomes that are organized into a frequency distribution.

Monte Carlo simulation

• When the possibility of random variables is available, a Monte Carlo simulation is a model that is used to forecast the likelihood of a variety of events. Monte Carlo simulations assist in illuminating how risk and uncertainty affect forecasting and prediction models

• The potential accuracy of a Monte Carlo simulation is roughly 4%, which is still higher than the 1% accuracy stated by SAMPLE, even for a random function with a 3 error factor.

Learn more about Monte Carlo simulation here: brainly.com/question/14332670

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