Question: If the DGP changes so that we take 100 draws instead of 25 draws, what happens to the chances of getting an average of 3.6
If the DGP changes so that we take 100 draws instead of 25 draws, what happens
to the chances of getting an average of 3.6 or more? Describe your procedure.
HINT: You can directly change the Setup sheet in BoxModel.xls
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
