Simulation Flashcards
What are advantages of using a simulation?
It’s quick, cheap easily altered and repeatable.
If the probability of an event happening is half how many numbers do you use as a simulation?
00-49
If there is a band between 0 and 79, what is the probability of it happening and what numbers do you use?
8/10 or 80%
0 up to 78 not 79
How do you generate a random number? There are two different ways (you have a 100 pieces of data)
Put numbers 00-99 in a bag and select
Or
Type 100 the SHIFT RAN# (round number)
The repeat till you have desired amount
Why do you use a simulation?
Because it may not be possible to carry out an experiment to estimate the probability of an event happening.