Note that each of these distributions is very nonnormal. Run each simulation with 10 values in each

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Note that each of these distributions is very nonnormal. Run each simulation with 10 values in each average, and run 1000 iterations to simulate 1000 averages. Create a histogram of the averages to see that it is indeed bell-shaped.

Then repeat, using 30 values in each average. Are the histograms based on 10 values qualitatively different from those based on 30?

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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