Slide 1Basic Probability Slide 2 Frequency Theory A mathematical approach to making the notion of chance rigorous. Best applied to processes which can be repeated many times,…

1. Probability Theory of Bingo 2. Overview• Monte Carlo Method• The probability distribution of bingo game• How many draws do we need until…

Slide 1Rock, Paper, Scissors A Probability Experiment Slide 2 The language of probability Probability is a measurement of the chance or likelihood of an event happening.…

PowerPoint Presentation Modeling and Simulation Random Number Generators 1 Arwa Ibrahim Ahmed Princess Nora University 1 RANDOM NUMBER GENERATORS The usefulness of these…

PowerPoint Presentation Modeling and Simulation Random Number Generators 1 Arwa Ibrahim Ahmed Princess Nora University 1 RANDOM NUMBER GENERATORS The usefulness of these…

Random Number Generators Random Number Generators Modeling and Simulation CS 313 1 RANDOM NUMBER GENERATORS The usefulness of these programs is limited by the amount of available…

Slide 1Auctions Slide 2 Strategic Situation You are bidding for an object in an auction. The object has a value to you of $20. How much should you bid? Depends on auction…