Monte carlo simulation | Business & Finance homework help

The mean is calculated by adding each individual number together before dividing this sum by total amount of entries – in this case 2000 – thus resulting in 1,000 when rounded off appropriately. Finally the standard deviation measures how much variation exists amongst a given set of data points indicating how spread out these figures are thus providing an accurate measure of its overall dispersion eventually.

Overall understanding these terms enables individuals interpret any results produced through simulations accurately thereby helping them make better decisions moving forward long term. Not only does this allow those involved gain greater insight into their project but it also provides more reliable information which assists them reach their goals eventually as desired.