Question: Question 19 A simulation was run for 10,000 iterations. The mean profit estimate from the simulation was $10976.05. A 95% confidence interval on this estimate

Question 19 A simulation was run for 10,000 iterations. The mean profit estimate from the simulation was $10976.05. A 95% confidence interval on this estimate was calculated and found to be $10976.05+-$451.32. Suppose we wish the 95% confidence interval to be within a range of +$300 of the mean. Which of the following actions best describes the next step we should take? O Run the simulation again for a fewer number of iterations. We are done. We don't need to run the simulation again. Run the simulation again for a larger number of iterations. 2 pts No new data to save. Last checked at 11:26am Submit Quiz Question 19 A simulation was run for 10,000 iterations. The mean profit estimate from the simulation was $10976.05. A 95% confidence interval on this estimate was calculated and found to be $10976.05+-$451.32. Suppose we wish the 95% confidence interval to be within a range of +$300 of the mean. Which of the following actions best describes the next step we should take? O Run the simulation again for a fewer number of iterations. We are done. We don't need to run the simulation again. Run the simulation again for a larger number of iterations. 2 pts No new data to save. Last checked at 11:26am Submit Quiz

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