Page 195 - Probability Demystified

184 CHAPTER 10 Simulation

Summary

Random numbers can be used to simulate many real life situations. The basic
method of simulation is the Monte Carlo method. The purpose of simulation
is to duplicate situations that are too dangerous, too costly, or too time
consuming to study in real life. Most simulation techniques are done on
a computer. Computers enable the person to generate random numbers, tally
the results, and perform any necessary computation.

CHAPTER QUIZ

1. Two people who developed simulation techniques are
a. Fermat and Pascal
b. Laplace and DeMoivre
c. Von Neuman and Ulam
d. Plato and Aristotle
2. Mathematical simulation techniques use _____ numbers.
a. Prime
b. Odd
c. Even
d. Random
3. The simulation techniques explained in this chapter use the _____
method.
a. Monte Carlo
b. Casino
c. Coin/Die
d. Tally
4. A coin can be used as a simulation device when there are two out-
comes and each outcome has a probability of
1
a.
4
1
b.
2
1
c.
3
1
d.
6