A Simulation Model Was Replicated 100 Times Yielding a Mean

question 50

Essay

A simulation model was replicated 100 times yielding a mean of 82.59 with variance of 17.66.Of the 100 replications,11 replications yielded an outcome over a value of 100.What is the 90% confidence interval on the mean?

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Definitions:

Appreciation

An increase in the value of an asset or currency over time, often due to economic or market factors.

Canadian Dollar

The official currency of Canada, represented by the symbol CAD or $, and divided into 100 smaller units known as cents.

Balance of Payments

A comprehensive summary of all economic transactions between residents of one country and the rest of the world over a specific period.

Exchange Rate

An economic measure that indicates how much one currency is worth in terms of another and is used in international financial transactions.