Seven Steps Of a Simulation(Stats)

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State response variable

Describe the resulting variable found by conducting trials

Explain how trial will be simulated

Describe what you are pretending to do and when the trial will stop.

Explain components model will be modeled

How the digits will be allotted to the percentage chances of outcomes

Run several trials

Repeating trials

State your conclusion

State how average is relevant to the overall context

Analyze the response variable

Stats average of the trials

Identify component to be repeated

What the variable that is going to be selected?


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