<ul><li>The Monte Carlo Method is a statistical technique that uses repeated random sampling to approximate unknown values.</li><li>To estimate the average height of the U.S. population, we compute sample means for different groups and repeat this process for a large number of trials.</li><li>The Law of Large Numbers states that as the number of samples increases, the sample mean approaches the true population mean.</li><li>A Monte Carlo simulation was run to estimate the average height in the USA, showing that the estimated mean stabilizes around the true value.</li></ul>

Estimating the Average Height in the USA Using the Monte Carlo Method

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