Run a Monte Carlo simulation 1000 trials for the following distribution.
X Prob.
10 0.15
20 0.22
30 0.24
40 0.18
50 0.13
60 0.08
a. Determine the mean and standard deviation of the simulated distribution.
b. Does the simulated distribution look like the original distribution?
c. Calculate from the simulation the P(X>=40).