STAT 1020 Study Guide - Midterm Guide: Statistical Unit, Fair Coin, Geom
28 Feb 2018
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The best ways we know to generate data that give a fair and accurate picture of the world rely on randomness, and the ways in which we draw conclusions from those data depend on the randomness, too. Modern physics has shown that randomness is not just a mathematical game; it is fundamentally the way the universe works. When we obtain simulated answer to our question each time, it is called trial. Specify how to model a component outcome using equally likely random digits: identify the component to be repeated, explain how you will model the component"s outcome. Specify how to combine components to simulate trials: state clearly what the response variable is, explain how you will combine the components into a trial to model the response variable. Put it all together to run the simulation: run several trials. Analyze the response variable: collect and summarize the results of all the trials, state your conclusion.
