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Why Would Researchers Want to Use a Simulation Rather Than

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Why would researchers want to use a simulation rather than study the actual situation?


Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean of the set.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Continuous Random Variable

A random variable that may assume any numerical value in an interval or collection of intervals.

Standard Normal Distribution

The Standard Normal Distribution is a normal distribution with a mean of 0 and a standard deviation of 1, used in statistical analysis for z-scores.

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