Answer the following yes/no questions about simulation analyses. a. Is it possible to conduct a simulation analysis

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Answer the following yes/no questions about simulation analyses. 

a. Is it possible to conduct a simulation analysis by hand, without using a computer? 

b. Are computers generally able to conduct simulation analyses more quickly and efficiently than non-computer simulations? 

c. Do simulation analyses produce exact, rather than approximate, probabilities? 

d. If two people conduct simulation analyses of the same random process, will they always obtain the same value for the approximate probability? 

e. Does using more repetitions in a simulation analysis generally produce more accurate approximations for the exact probability than using fewer repetitions? 

f. Does using more repetitions in a simulation analysis generally take longer than using fewer repetitions?

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Related Book For  book-img-for-question

Introduction To Statistical Investigations

ISBN: 9781119683452

2nd Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

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