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TheRobsterUK
 
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Default Monte Carlo Simulation


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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TheRobsterUK


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