How good is the RAND() function in Excel for Monte Carlo simulation?

Question

I\'m implementing a Monte Carlo simulation in 3 variables in Excel. I\'ve used the RAND() function to sample from Weibull distributions (with long tails). The functions appl

Answer 1

There are commercial products for this. Google turns up two before I got bored of looking

http://www.mathwave.com/articles/random-numbers-excel-worksheets.html

http://www.ozgrid.com/Services/excel-random-number-generator.htm