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Why monte carlo simulation was unable to exactly replicate

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Reference no: EM13870919

1. Run a Monte Carlo simulation that supports one of the N-K∗ combinations in the Analytical sheet. Take a picture of your simulation results and paste it in your Word document.

2. Explain why the Monte Carlo simulation was unable to exactly replicate the per- centage of times the lowest priced station was found.

Reference no: EM13870919

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