1. What numbers does =rand() deliver in excel.
a. Any number you want
b. All numbers from 0 to 1, inclusive, _[0<1]. 2. If the measures/inputs of a system are stochastic, should the output of a system analysis be deterministic or stochastic? a. deterministic b. stochastic 3. What is the true power of MC? a. Generates data based on stocastic variables. b. Good for winning at poker. 4. Can the output of one MC simulation immediately be used as the input of a subsequent MC? a. Yes b. No
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