Question
Which of the following statements is correct? Group of answer choices We choose a large number of iterations so the resulting confidence interval is sufficiently
Which of the following statements is correct?
Group of answer choices
We choose a large number of iterations so the resulting confidence interval is sufficiently wide.
Data tables in spreadsheet simulations are useful for taking a "prototype" simulation and replicating its key results a desired number of times.
Different random numbers generated by the computer are probabilistically dependent. This implies that when we generate a random number in a particular cell, it has some effect on the values of any other random numbers generated in the spreadsheet.
Correlation between two random input variables will change the mean of an output, and the variability and shape of an output distribution.
All the statements are correct
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