Answer:
The false statement is "it can be used for one variables at a time"
Step-by-step explanation:
Given:
Simulation for NPV.
To Find :
Which statements is not correct .
Solution;
In simulation NPVs, Net present values.
In Excel the simulation called as monte carlo simulation
So it consists of variables like mean ,standard deviation, variance etc.
In simulation it develops the graphs .
It consists of formula for probability calculation
So it has probability distribution function.
Ultimately, It will develop the output values for input variables.
Hence The false statement will be that" it can only be used for one variable at a time"