If I state the following in a paper regarding repeated runs of a Monte Carlo simulation to obtain an overall mean value at a certain confidence interval.
"The simulations were repeated until a 95% Confidence Interval on the mean simulation time at a tolerance of 5% was achieved"
Is the above text clear without providing further details or references?
Is this considered standard maths, since it's based on work from 1937?
Neyman, J., 1937. Outline of a theory of statistical estimation based on the classical theory of probability. Philos. Trans. R. Soc. Lond. Ser. A, Math. Phys. Sci. 236 (767), 333–380. https://doi.org/10.1098/rsta.1937.0005.333–380. https://doi.org/10.1098/rsta.1937.0005.
For reference here's the maths.
The simulation are run repeatedly until the specified precision is achieved based on the following equation.
2Sxt*/X