not chapter 1 but something else Flashcards

1
Q

define simulation

A

the imitation of a chance behavior based on the model that accurately reflects the situation

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2
Q

what are some common errors when using a table of random digits?

A

a common misconception is to believe some digits are more random than others

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3
Q

law of large numbers

A

if we do things many many times the proportion of outcomes will approach the expected probability

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4
Q

the probability of any outcome of a chance process equals

A

a number between 0 and 1 that describes the proportion of times the outcome would occur in a very long series of repetitions

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5
Q

how do you interpret a probability

A

the closer the prob is to one, the more likely the event is to occur

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6
Q

what are the two myths about randomness

A
  1. randomness is predictable in the short run 2. a certain outcome is sure to occur after a large amount of simulation repetitions
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7
Q

name and describe the four steps in performing a simulation

A

state, plan, do, conclude (self explanatory)

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8
Q
A
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