Which of the following statements will be true if the number of replications used in a Monte Carlo study is small?

i) The statistic of interest may be estimated imprecisely


ii) The results may be affected by unrepresentative combinations of random draws


iii) The standard errors on the estimated quantities may be unacceptably large


iv) Variance reduction techniques can be used to reduce the standard errors
(A)(ii) and (iv) only (B)(i) and (iii) only (C)(i), (ii), and (iv) only (D)(i), (ii), (iii), and (iv)
D