Question: b) Evaluate the simulation results Use Crystal Ball to simulate the model developed in part (a). Run the simulation for 1000 trials using random number

b) Evaluate the simulation results Use Crystal
b) Evaluate the simulation results Use Crystal Ball to simulate the model developed in part (a). Run the simulation for 1000 trials using random number seed 1234. Print out a copy of the summary statistical data and frequency chart generated by the simulation and include it in your write-up. Using this information, briefly answer the following questions: i) Of these 1000 trials, roughly what fraction of the time is the forecast payout at least $2.75. That is, what fraction of the time is the average price per barrel at least $2.75 above the minimun'K summary statistical data r ted by Crystal Ball. ii) Construct a 95% confidginterval for the expected payoff based on the A

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