Mean and standard deviation of simulated distribution

Reference no: EM13123862

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).

Reference no: EM13123862

Questions Cloud

Write a letter to david in which you advise him : Write a letter to David in which you advise him on the deductibility of the $60,000 loss for Federal income tax purposes. Because David is a professional, feel free to make use of technical language in your letter.

Sketch graph of the probabilities of te lot acceptance : Let p vary from 0.02 to 0.20 in increments of 0.02. b) Sketch the graph of the probabilities of the lot acceptance as the p value varies from 0.02 to 0.20.

Give a memo to susan apple a tax partner : An IRS agent thinks that Color, as an accrual basis taxpayer, should report $1,000 of income in 2011, when the work was done, and then deduct a $200 loss in 2012. Give a memo to Susan Apple, a tax partner for whom you are working, with the recomme..

What was the balance in the cash account : On October 31, a company's Cash account had a normal balance of $7,000. During October, the account was debited for a total of $4,250 and credited for a total of $5,340. What was the balance in the Cash account at the beginning of October?

Mean and standard deviation of simulated distribution : Run a Monte Carlo simulation 1000 trials for the following distribution. Determine the mean and standard deviation of the simulated distribution.

Demand and supply curve for clay fire : Redstone's manager is fired, and you are now the manager of Redstone Clayworks. How many fire pits would you choose to produce and why?

Real-life application of rational functions : Describe the cost C(x), in millions of dollars to inoculate x % of the Canadian population against a particularly virulent strain of flu

Check the normality assumption : After popping, the un-popped kernels were counted. There were 89. Construct a 90 percent confidence interval for the proportion of all kernels that would not pop.

Determining values to make function undefined : For what values or range of values are the following functions undefined

User Account

All Pages