Simulations Flashcard

Front

What is a simulation?

Back

Artificial data that models a real-world scenario by using random numbers to represent the outcomes of real events.

Front

How do you set up a simulation for a quiz with 10 questions and a 25% chance of guessing correctly, running 7 trials?

Back

Rows: 7, Columns: 10.

Front

What is the probability of getting 4 or more questions correct in a 10-question quiz with a 25% chance of guessing correctly, based on a simulation with 7 trials?

Back

2/7.

Front

What is a trial in the context of simulations?

Back

The sequence of events we want to investigate.

Front

What is the 4th step of a simulation?

Back

Identify outcomes & find average.

Front

What is the first step in conducting a simulation?

Back

Identify the problem or question to be investigated.

Front

What does it mean to model with random numbers in a simulation?

Back

Using random numbers to represent the outcomes of real events in a controlled manner.

Front

What is the purpose of generating trials in a simulation?

Back

To gather data and analyze the outcomes of the modeled scenario.

Front

How can simulations help in understanding probability?

Back

They allow for experimentation and observation of outcomes over multiple trials.

Front

What is the significance of identifying components in a simulation?

Back

It helps in understanding the elements that influence the outcomes of the modeled scenario.