Statistics MCQs, Data Analysis, Stat Software
A sequence of Pseudo Random Numbers is generated by a deterministic algorithm and should simulate a sequence of independent and uniformly distributed random variables on the interval [0, 1]. Every random experiment results in two or more outcomes.A variable whose values depend upon the outcomes of a random experiment is …
Pseudo Random Process A pseudo random process is a process that appears to be random but actually, it is not. Pseudorandom sequences typically exhibit statistical randomness while being generated by an entirely deterministic causal process. Such a process is easier to produce than a genuinely random one and has the …
A linear congruential generator (LCG) is an old algorithm that results in a sequence of pseudo-randomized numbers. Though, the algorithm of linear congruential generator is the oldest but best-known pseudorandom number generator method. The building block of a simulation study is the ability to generate random numbers where a random …
Simulation is used before an existing system is altered or a new system is built, to reduce the chances of failure to meet specifications, eliminate unforeseen bottlenecks, prevent under or over-utilization of resources, and optimize system performance. Simulation is used in many contexts, such as simulation of technology for performance …