Question: Important Instruction: Please use 10,000 replications in your simulation. Grading Rubric: Score Description 6 Logical flow for descriptive model, correct random variables, and correct solutions

Important Instruction:

Please use 10,000 replications in your simulation.

Grading Rubric:

Score

Description

6

Logical flow for descriptive model, correct random variables, and correct solutions

5.5

Logical flow for descriptive model, correct random variables, but incorrect solutions or

Gaps in descriptive model logic, incorrect random variable(s), but correct solutions

5

Gaps in descriptive model logic or incorrect random variable(s) and incorrect solutions

4.5 or lower

Formulations imply large gap in understanding

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