How to apply the Monte Carlo simulation principles to a game of dice using Microsoft Excel. The Monte Carlo method is widely used and plays a key part in various fields such as finance, physics ...

Master advanced Excel tools for HR to streamline data management and drive informed decisions with precision and accuracy.

Journal of the Royal Statistical Society. Series D (The Statistician), Vol. 51, No. 1 (2002), pp. 31-40 (10 pages) The paper demonstrates the use of functions provided by EXCEL for simulation of two ...