Reconsider Prob. 20.4-6 involving the game of craps. Now the objective is to estimate the probability of
Question:
(a) 100 trials.
(b) 1,000 trials.
(c) 10,000 trials.
(d) The true probability is 0.493. What conclusion do you draw from the above simulation runs about the number of trials that appears to be needed to give reasonable assurance of obtaining an estimate that is within 0.007 of the true probability?
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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