Which of the following statements correctly lists common distributions used in MC for business and when to use them?

• A. Uniform for symmetric uncertainty, Normal for positive cash flows, Lognormal for bounds, Triangular when data is scarce, Exponential for time-to-event, Beta for bounded proportions.
• B. Normal for symmetric uncertainty, Lognormal for positive cash flows, Uniform for bounds, Triangular when data is scarce, Exponential for time-to-event, Beta for bounded proportions.
• C. Normal for time-to-event and Exponential for positive cash flows.
• D. Beta for symmetric uncertainty.

Answer: (B)