interpretting results

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    Interpreting Results of Monte Carlo Simulation (R)

    Hello, I have conducted a Monte Carlo simulation in R based on the guidelines below and I am struggling to interpret my results. Consider the following data-generating process Y = β1 × X + u 1. Simulate 1000 samples of size n = 100 with β1 = 2, X ∼ N(100,15) and u ∼ N(0,8). 2. In each...