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Mathematics

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A Monte Carlo experiment is a statistical analysis that uses repetitive random sampling to solve a problem.

a. True
b. False

Answer :

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Answer:

True

Step-by-step explanation:

In the Monte Carlo simulations process, the probability of outcomes is determined on the basis of repeated sampling for the outcomes in a process which can not be determined easily due to several random variables involved in the process. This techniques helps in determining the risk, uncertainty in prediction and forecasting models.

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