Question: solve it correctly please. I will rate accordingly Suppose you ran a simulation with 1,000 iterations that resulted in a mean of 124,250 and a

solve it correctly please. I will rate accordingly Suppose you ran

solve it correctly please. I will rate accordingly

Suppose you ran a simulation with 1,000 iterations that resulted in a mean of 124,250 and a 90% confidence interval of + 6212.5. How many iterations would it take to reduce this C.I. range to + 2.5% of the mean? (Hint: you can assume t = 1.645)

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