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As Monte Carlo Simulation Is Essentially Statistical Sampling, the Larger

question 17

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As Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used, the more precise is the result.

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Definitions:

Resample

The process of selecting a new sample from an original dataset, possibly with replacement, to conduct statistical analysis or bootstrap estimates.

Distinct Resamples

Unique subsets or reselections of data from a set, used in bootstrap or other resampling methods to estimate variability.

Measurements

The act or process of determining the size, quantity, or degree of something using standard units.

Possible

That which can be done or achieved; within the limits of ability, capacity, or realization.

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