Randomness & Stimulations

Random

An outcome is random if we know all its possible values, but don’t know which specific value it will take

Simulation

Technique that models a real-world situation using random numbers to mimic uncertainty & predict outcomes safely

Simulation Component

The basic building block that uses random digits to model a single event or action in the scenario

Trial

The sequence of several components representing events that we are pretending will take place

Response Variable

Values of the response variable record the results of each trial (outcome of trial)