Chapter 11 - Simulations
| Tuesday, 18 October 2022 | |
| 1-minute read | |
| 65 words | |
- Identify the simulated item (component)
- How will you model the outcome? What is a successful trial?
- How will you simulate the randomness?
- State clearly what your response variable is
Run several trials
The more trials you run, the more the data is likely to resemble statistical truth
- Regression to the mean
- Law of large numbers
- Analyze the response variable data
- Write an analysis and conclusion