2nd one because it’s not a lot of big number I hope it helps
Answers are:
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The statement is True, Monte Carlo simulation generate many outcomes that are organized into a frequency distribution.
Monte Carlo simulation
- When the possibility of random variables is available, a Monte Carlo simulation is a model that is used to forecast the likelihood of a variety of events. Monte Carlo simulations assist in illuminating how risk and uncertainty affect forecasting and prediction models
- The potential accuracy of a Monte Carlo simulation is roughly 4%, which is still higher than the 1% accuracy stated by SAMPLE, even for a random function with a 3 error factor.
Learn more about Monte Carlo simulation here: brainly.com/question/14332670
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You're probably supposed to find the value of p and not x, which is impossible to do.
Expanding gives
We're told that
which we can use to solve for p:
