Which of the following statements concerning Monte Carlo simulation is false?
a) Monte Carlo simulation produces a very large number (thousands) of project scenarios.
b) Monte Carlo simulation can be performed on personal computers.
c) Monte Carlo simulation uses continuous distributions to proxy input variable uncertainty.
d) The output of a Monte Carlo simulation contains several useful measures such as expected net present value (NPV), probability of a positive NPV, and maximum and minimum NPVs.
e) The inputs required to perform a Monte Carlo simulation are as easy to develop as in a traditional scenario analysis.