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 Carlosimulation 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.
