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    Business Analytics Data Study Set 1
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    Exam 15: Introduction to Simulation Modeling
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    Analysts Often Plan a Simulation So That the Confidence Interval
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Analysts Often Plan a Simulation So That the Confidence Interval

Question 42

Question 42

True/False

Analysts often plan a simulation so that the confidence interval for the mean of some important output will be sufficiently narrow.The reasoning is that narrow confidence intervals imply more precision about the estimated mean of the output variable.

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