00:03 Using Excel for Monte Carlo Simulation and Problem Solving 01:12 Monte Carlo Simulation in Excel for training and product line simulation 02:22 Using Excel functions for Monte Carlo Simulation 03:48 Utilizing VLOOKUP function for frequency calculation 04:58 Generating random numbers to determine swim times 06:34 Using the IF function to calculate total swim time 07:59 Calculating total time using swim frequency in Excel 09:26 Utilizing Excel for Monte Carlo Simulation Crafted by Merlin AI.
Interesting approach, but I missed something. I thought you would use your outcome and then simulate a lot of runs. In other words, as if you pressed the F9-key a 1000 times or so and kept track of the outcomes to calculate an average. I am looking for an Excel routine (other than via Visual Basic) that can do just that. But, thanks again for making this video. It is definitely useful.
