Which of the Following Is Not Considered One of the 5

question 21

Multiple Choice

Which of the following is not considered one of the 5 steps of Monte Carlo Simulation?

• A)establishing probability distributions for important input variables
• B)generating random number
• C)building a cumulative probability distribution for each input variable
• D)establishing an objective function
• E)simulating a series of trials

---

Definitions:

Unintentional

An action or outcome that occurs without a deliberate plan or purpose.

Materially False

Statements or representations that are significantly untrue or misleading, often in a legal or financial context.

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Legal Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into an agreement.