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:

Premenstrual Dysphoric Disorder

A severe form of premenstrual syndrome characterized by significant mood swings, irritability, and depression.

Amenorrhea

The absence of menstruation in women of reproductive age for reasons other than pregnancy, breastfeeding, or menopause.

Menorrhagia

A menstrual disorder characterized by abnormally heavy or prolonged menstrual bleeding.