Assignment
A Monte Carlo simulation is one approach to dealing with uncertainly in a decision. In 2-3 pages, write a paper that provides a detailed explanation of the Monte Carlo simulation (in your own words but using supporting references), and provide an example of how you would use it in a decision-making process. Multiple scholarly sources should be used and referenced.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.