What Is the First Step in a Monte Carlo Analysis

Multiple Choice

 What is the first step in a Monte Carlo analysis?

A) Determine the probability distribution of each variable.
B) For each variable, such as the time estimate for a task, select a random value based on the probability distribution for the occurrence of the variable.
C) Collect the most likely, optimistic, and pessimistic estimates for the variables in the model.
D) Run a deterministic analysis or one pass through the model using the combination of values selected for each one of the variables.