Question: System simulation lesson i have one hour please be fast Consider the simulation result in the table below. These results are obtained using the default

System simulation lesson i have one hour please be fast

Consider the simulation result in the table below. These results are obtained using the default 95% confidence level. Identifier Average Half-width # of Replications Total Cost (TL) 28760 300.08 100 If we would like to have a 95% confidence interval on the total cost that is at most 210 TL around the mean, how many additional replications should we make? (+0.025,99 = 1.984, 20.025 = 1.96) (4 pts) The sample standard deviation (S) is (Write a decimal number with two decimal digits.) (3 pts) Using normal approximation, it is found that the number of replications (n) should be more than (Write a decimal number with two decimal digits.) (1 pt) Based on the normal approximation, we need at least additional replications to reduce the half-width of the 95% CI on the total cost to 210 TL. (Write an integer number.)

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