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(0) Explain how the Law of Large Numbers justifies the estimation of probabilities by relative frequencies over N simulated trials. (d) Interpret your calculation of
(0) Explain how the Law of Large Numbers justifies the estimation of probabilities by relative frequencies over N simulated trials. (d) Interpret your calculation of W. Is 50 simulated trials a sufficiently large num- ber to achieve a good approximation of P(A)? (e) Interpret your calculation of WA'TAH. ls 5,000 simulated trials a sufficiently large number to achieve a good approximation of P(A)? (f) Interpret your calculation of W. Is 50 simulated trials a sufficiently large number to achieve a good approximation of P(B)? (g) Interpret your calculation of W. ls 5,000 simulated trials a sufficiently large number to achieve a good approximation of P(B)
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