Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 14 - Sampling and Simulation - Chapter Quiz - Page 769: 2

Answer

$True$

Work Step by Step

$It\:is\:true,\:since\:the\:random\:numbers\:are\:also\:used\:in\:$ $simulation\:techniques.\:Instead\:of\:studying\:a\:real\:life\:$ $situations,\:which\:may\:be\:costly\:or\:dangerous,\:researchers\:$ $create\:a\:similar\:situation\:in\:a\:laboratory\:or\:with\:a\:computer.\:$ $Then,\:by\:studying\:the\:simulated\:situation,\:researcher\:can\:gain\:$ $the\:necessary\:information\:about\:the\:real-life\:situation\:$ $is\:a\:less\:expensive\:or\:safer\:manner.$
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