The Monte Carlo result and the CLT approximation are now much closer. What could account for this? A. We are now computing averages instead of sums. B. 2,500 Monte Carlo simulations is not better than...


The Monte Carlo result and the CLT approximation are now much closer. What could account for this?


A. We are now computing averages instead of sums.


B. 2,500 Monte Carlo simulations is not better than 1,000.


C. The CLT works better when the sample size is larger. We increased from 1,000 to 2,500.


D. It is not closer. The difference is within rounding error.



May 04, 2022
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