Which of the following best defines Monte Carlo simulation?a. It is a tool for building statistical models that characterize relationships among a dependent variable and one or more independent variables. b. It is a collection of techniques that seek to group or segment a collection of objects into subsets. c. It is the process of selecting values of decision variables that minimize or maximize some quantity of interest. d. It is the process of generating random values for uncertain inputs in a model and computing the output variables of interest.

d. It is the process of generating random values for uncertain inputs in a model and computing the output variables of interest.

Explanation:

Monte Carlo simulation is the process of generating random values for uncertain inputs in a model and computing the output variables of interest. It is a type of computational algorithm which is used to predict the probability of various outcomes based on repeated random samples or variables. It is used for better decisions making by providing information about the impact of a risk and for forecasting models.

a  social news website  is an  internet  website  that features  user-posted stories. such stories are ranked based on popularity, as voted on by other users of the site or by website administrators. users typically comment online on the news posts and these comments may also be ranked in popularity. since their emergence with the birth of  web 2.0, social news sites have been used to link many types of information, including news, humor, support, and discussion. all such websites allow the users to submit content and each site differs in how the content is moderated. on the  slashdot  and  fark  websites,  administrators  decide which articles are selected for the front page. on  reddit  and  digg, the articles that get the most votes from the community of users will make it to the front page. many social news websites also feature an online comment system, where users discuss the issues raised in an article. some of these sites have also applied their voting system to the comments, so that the most popular comments are displayed first. some social news websites also have a  social networking  function, in that users can set up a user profile and follow other users' online activity on the website.