Question
If the DGP changes so that we take 100 draws instead of 25 draws, what happens to the chances of getting an average of 3.6
If the DGP changes so that we take 100 draws instead of 25 draws, what happens
to the chances of getting an average of 3.6 or more? Describe your procedure.
HINT: You can directly change the Setup sheet in BoxModel.xls
If the DGP changes so that we take 100 draws instead of 25 draws, what happens
to the chances of getting an average of 3.6 or more? Describe your procedure.
HINT: You can directly change the Setup sheet in BoxModel.xls
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Get StartedRecommended Textbook for
Introduction To Probability And Statistics
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
14th Edition
1133103758, 978-1133103752
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