Super Quiz

1
Super Quiz!!!!

• What is a simulation, and what are its parts?
• You have 60 seconds.

2
Write

• So, youve run a simulation. Pretty awesome!
• What was the hardest part of this simulation?
  What was the easiest part?
• Are your results the answer to the question you
  were assigned what you expected? Are they
  higher? Lower? Right on?
• Whats the point of running a simulation?

3
Simulation Steps

• Identify the component to be repeated.
• Decide how we will model the outcome using random
  data.
• Decide how we will simulate the trial.
• State clearly what the response variable is
  that is, the thing were actually interested
  in.
• Run several trials the more the better.
• Analyze the response variable.
• State our conclusion in the context of the
  problem.

4
Presentation Requirements

• Clarity
• Accuracy
• Complete descriptions of all required parts of
  your simulationA well-stated conclusion
• Youve got 10 minutes until we present.
• Youll present in a random order.

• Question
• Simulated Component
• Trial
• Response Variable
• Outcome Range
• Response Variable Values
• Mean of Response Variable
• Conclusion

5
Presentations!
6
Simulation Steps

• Identify the component to be repeated.
• Decide how we will model the outcome using random
  data.
• Decide how we will simulate the trial.
• State clearly what the response variable is
  that is, the thing were actually interested
  in.
• Run several trials the more the better.
• Analyze the response variable.
• State our conclusion in the context of the
  problem.

7
Homework

• Take the day off!
• Youve learned what a simulation is, why it
  requires random data and why we need them, and
  how to run them all by conducting this one on
  your own.
• Way to go!