On occasion, there are times when experiments are just too expensive, or just impractical. In those times you can use simulations in order to acquire approximate answers to these questions. A simulation is simply imitation of random behavior. The steps of carrying out a simulation are as follows:
- State the problem
- State assumptions
- Assign numbers to represent outcomes (ie 85% chance of 'yes' translates into 0-84 yes 85-100 no)
- Simulate many times using random number chart and numbers that were assigned
- Conclusions
This technique is useful, and if performed many times, is reliable in predicting chance behavior.
