Is this statement true or false?"For repeated simulations of any chance process, the simulation histogram converges to the probability histogram."
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Solution 1
The statement is true. This is known as the Law of Large Numbers, which states that as the number of trials or simulations increases, the experimental probability (simulation histogram) will get closer and closer to the theoretical probability (probability histogram). Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a
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