Which of the Following Is Not a Step in Running

question 6

Multiple Choice

Which of the following is not a step in running a Monte Carlo simulation?

• A) setting up a probability distribution for important variables
• B) building a cumulative probability distribution for each variable
• C) establishing an interval of random numbers for each variable
• D) generating random numbers
• E) All of the above are steps in running a Monte Carlo simulation.

---

Definitions:

Job Seeker

An individual actively looking for employment or aiming to secure a new job.

Discouraged Workers

Individuals who would like to work but have given up looking for a job.

Marginally Attached Workers

Individuals who are not in the labor force, want and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.

Bureau of Labor Statistics

The Bureau of Labor Statistics is a government agency that collects, analyzes, and disseminates various data related to employment, wages, and other economic indicators in the United States.