The Monte Carlo result and the CLT approximation are close, but not that close. What could account for this? A. 1,000 simulations is not enough. If we do more, they match. B. The CLT does not work as...


The Monte Carlo result and the CLT approximation are close, but not that close. What could account for this?


A. 1,000 simulations is not enough. If we do more, they match.


B. The CLT does not work as well when the probability of success is small. In this case, it was 1/19. If we make the number of roulette plays bigger, they will match better.


C. The difference is within rounding error.


D. The CLT only works for averages.



May 04, 2022
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