Use R to answer the following question According to the central limit theorem, the sum of n independent identically distributed random variables will start to resemble a normal distribution as n grows large. The mean of the resulting distribution will be n times the mean of the summands, and the variance n times the variance of the summands. Demonstrate this property using Monte Carlo simulation. Over 10,000 trials, take the sum of 100 uniform random variables (with min=0 and max=1). Note: the variance of the uniform distribution with min 0 and max 1 is 1/12. Include: 1. A histogram of the results of the MC simulation 2. A density plot of a normal distribution with the appropriate mean and standard deviation 3. The mean and standard deviation of the MC simulation. ps(plz do not use chatgpt)

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter17: Markov Chains
Section17.6: Absorbing Chains
Problem 7P
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Use R to answer the following question

According to the central limit theorem, the sum of n independent identically distributed random variables will start to resemble a normal distribution as grows large. The mean of the resulting distribution will be times the mean of the summands, and the variance times the variance of the summands. Demonstrate this property using Monte Carlo simulation. Over 10,000 trials, take the sum of 100 uniform random variables (with min=0 and max=1). Note: the variance of the uniform distribution with min 0 and max 1 is 1/12. Include:

1. A histogram of the results of the MC simulation

2. A density plot of a normal distribution with the appropriate mean and standard deviation

3. The mean and standard deviation of the MC simulation.

ps(plz do not use chatgpt)

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