A simulation was run with 1,000 trials and the resulting frequency chart and sta

Question

A simulation was run with 1,000 trials and the resulting frequency chart and statistics table is shown below. In reference to the table below, which of the following statements is true? Frequency Custive FregencyReverne Cumdative FieqencySenalivtyScater Plots Simulation Results-Profit Chart Statistics Lower Cutoff 040 Upper Cutoff ?.45 13.67 166.921 0.510072 1.1962 60.00 20.00 $60.00 40.00 035 tandard Deviation 0.30 0 25 1 Range 0 20 B Advanced Statistics 12.15 11.067 0.5388 60.00 Mean Abs. Deviation 0.15 0.10 0.05 aue at Risk 95% Cond. Waue at Risk 9% $46 45 Mean Confidence 0.847377 sed. Dev. Confidence 95% 0.380046 Coelfcient of Variation 0.29431 tandard Ercr .432127 Expected Gain Ratio The ratio of Expected Gan rd the difference between Expected Gan and Expected Loss for the uncertan function, and is always between 0 and I $15.00 $25.00 $20.00 $30.00 5.00 $55.00$65.00 30.00 $40.00 $60.00 Cancel The most frequently observed profit is $46.45 There is a 5% probability that profit will be less than $20 There is a 5% probability that profit will be greater than $60 There is a 35% probability that profit will be $60. All of the above.

Explanation / Answer

option d) there is a 35% probability that profit will be $60

from the diagram we can see that the relative probability at $ 60 touches 0.35 line hence the probability will be 35% at $ 60

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