17. Suppose that we run a simulation of 80 companies' capital expenditures. Capital expenditures follow a uniform distribution with values that range from zero to $50 million. We run our Monte Carlo simulation 1,000 times, randomly selecting from each company (n-80). Calculate the population mean of capital expenditures, the population variance of capital expenditures, and the standard error (under the central limit theorem) of our sampling distribution. Show your work!

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A:

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A:

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A:

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A: Doubt: How did you figure out the answers.

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