Run a monte carlo simulation 1000 trials for the following, Ask an Expert

Statistics

1. Run a Monte Carlo simulation 1000 trials for the following distribution.

X Prob.
10 0.15
20 0.22
30 0.24
40 0.18
50 0.13
60 0.08

a. Determine the mean and standard deviation of the simulated distribution.
b. Does the simulated distribution look like the original distribution?
c. Calculate from the simulation the P(X>=40).

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9404074

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