Best Easy Monte Carlo for Odds Calculations?

Carolina7

New Member
Joined
May 16, 2019
Messages
1
I need an inexpensive, easy to learn Monte Carlo simulator. Any suggestions?

Here's the scenario - Residents and nonresidents can apply for any of 100 opportunities in a particular state. Each opportunity has a limited number of spots. But, once 10% of the total slots are filled, nonresidents are no longer considered for any opportunity. For each opportunity, I need to find the odds of residents being successful and the odds of nonresidents being successful. I am very good with Excel but know nothing about Monte Carlo and have a very limited budget.
 

Excel Facts

Round to nearest half hour?
Use =MROUND(A2,"0:30") to round to nearest half hour. Use =CEILING(A2,"0:30") to round to next half hour.

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