Which of the Following Best Defines Monte Carlo Simulation

question 13

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 seek to group or segment a collection of objects into subsets.
• C)It is the process of selecting values of decision variables that minimize or maximize 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:

Pneumoconiosis

A type of lung disease caused by the inhalation of dust, leading to inflammation and scarring of the lung tissue.

Malignant Tumor

A type of cancerous growth capable of invading other parts of the body and potentially leading to serious health risks or death.

Serous Membrane

A thin layer of tissue that lines certain internal cavities of the body, secreting a fluid that lubricates organ surfaces.

Inflammation

A biological response to injury or infection, leading to redness, heat, swelling, and pain in the affected area.