Which of the Following Best Defines Monte Carlo Simulation

question 9

Multiple Choice

Which of the following best defines Monte Carlo simulation?

• A) It is a tool for building statistical models that characterize relationships among a dependent variable and one or more independent variables.
• B) It is a collection of techniques that seeks to group or segment a collection of objects into subsets.
• C) It is the process of selecting values of decision variables that minimizes or maximizes some quantity of interest.
• D) It is the process of generating random values for uncertain inputs in a model and computing the output variables of interest.

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Definitions:

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, indicating an inverse association.

Statistically Significant

A term indicating that the results of a study are unlikely to have occurred by chance alone, according to a predetermined threshold for accepting or rejecting the null hypothesis.

Anxiety Symptoms

Physical or psychological signs of anxiety, including restlessness, increased heart rate, and feelings of worry or fear.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.