The Monte Carlo Simulation Was Developed by

question 23

Multiple Choice

The Monte Carlo simulation was developed by

• A)John von Neumann.
• B)Eric von Brock.
• C)A.K.Erlang.
• D)P.K.Poisson.
• E)J.D.Monte Carlo.

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Definitions:

Inventory

The total amount of goods and raw materials held by a business to facilitate production or meet customer demand.

Invest

The action of designating assets, typically capital, in hopes of generating financial gains.

Profit Rate

The ratio of profits generated to the amount of capital or resources invested, indicating the efficiency of an investment or business operation.

Inventory

The goods or materials a business holds for the ultimate purpose of resale or processing in the production process.