Question: 1. 5.2 Someone has written a simulation program in an attempt to estimate a particu lar probability. Five hundred simulation runs result in an estimate

1. 5.2 Someone has written a simulation program in an attempt to estimate a particu lar probability. Five hundred simulation runs result in an estimate of 0.451 for the unknown probability with 0.451±0.021 as the corresponding 95% confidence interval. One thousand simulation runs give an estimate of 0.453 with a corre sponding 95% confidence interval of 0.453±0.010. Give your opinion:

(a) there is no reason to question the programming

(b) there is an error in the simulation program.

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