Has anyone ever created a spreadsheet that used Monte Carlo Simulation?
I've been able to create one that works using the random number generator in conjunction with discrete probability distributions - that's fairly easy, just assign a probability to each discrete value in the distribution and then decide whether or not to select it using a randomly generated number.
However, I want to perform a Monte Carlo simulation that uses a continuous (not discrete) probability distribution, but have no idea how I would use the random number generator to then select a value from the distribution based on its probability of occurance.
I know it can be done, I just have no idea how!
Anyone done anything like this before?
Cheers
-Rob
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