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<h2 class="hd hd-2 unit-title">Monte Carlo Primer</h2>
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<h3 class="hd hd-2">Monte Carlo Primer </h3>
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<h2 class="hd hd-2 unit-title">Monte Carlo Simulation Example</h2>
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<h3 class="hd hd-2">Monte Carlo Simulation Example</h3>
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<p>An Excel file for this Monte Carlo simulation can be downloaded <a href="/assets/courseware/v1/308f2ffdd98821239f656e079fde2701/asset-v1:MITx+15.482x+1T2019+type@asset+block/MonteCarlo.xlsx" target="[object Object]">here</a>.</p>
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<h2 class="hd hd-2 unit-title">How Many Simulations Do We Need?</h2>
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<h3 class="hd hd-2">How Many Simulations Do We Need?</h3>
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<h2 class="hd hd-2 unit-title">Exercise: How Many Simulations Do We Need?</h2>
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Exercise: How Many Simulations Do We Need?
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<div class="wrapper-problem-response" tabindex="-1" aria-label="Question 1" role="group"><p>In the previous video, if you want to increase the level of precision on our estimator by a factor of 2 (i.e., reduce the standard error by a factor of 2), you would need to:</p>
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