Use the RAND and NORM.INV functions to execute a Monte Carlo simulation (Excel 2013)
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Use the RAND and NORM.INV functions to execute a Monte Carlo simulation (Excel 2013)
We assume that the salaries of a population follow a normal distribution with a mean displayed in the cell B1 and a deviation displayed in the cell B2. We want to execute a Monte Carlo simulation. Properly fill the cells B5:B44.Want more? Then download our TEST4U demo from https://www.test4u.eu/en/demo TEST4U provides an innovative approach to ...
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