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Consider a situation where there is a cost that is either

Question: Consider a situation where there is a cost that is either incurred or not. It is incurred only if the value of some random input is less than a specified cutoff value. Why might a simulation of this situation give a very different average value of the cost incurred than a deterministic model that treats the random input as fixed at its mean? What does this have to do with the "flaw of averages"?

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Basic Statistics: Consider a situation where there is a cost that is either

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