Sure, but this depends on what you need: σ=1 will cover 68.2% of all possible cases, whereas σ=3 covers 99.73% , see below.
**broken link removed**
The
trustability or
confidence interval is determined by the number of
probes (MC runs in your case). A
confidence interval (CI) means that the
confidence level (CL) of a measuring (or MC run) result will be 1-(1/√N) , if N is the number of measurements (runs) -
if you repeat them very often. I.e. e.g. CL=68% for 10 runs or 90% for 100 runs.
Now what does this mean in practice? If you just want a quick overview over the distribution to be expected, you'd use σ=1 and remember there could still be 32% more results outside of the number of cases you got - with 90% confidence level if you run 100 times.
If you want to buy a million chips, you'd want to see more exactly how many of them you'd have to chuck away: you'd use σ=3 and will know that there still will be 2700 bad ones to be expected in the lot - with a confidence level of 96,8% at 1000 runs.
HTH!