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Table of Random Values

Definition

A table of random values is a list or chart that contains randomly generated numbers. These tables are often used for simulations and statistical experiments where randomness needs to be incorporated.

Analogy

Imagine having a deck of cards with all the numbers shuffled randomly. Each card represents one value in the table, and when you need random values, you simply pick cards from this deck without looking at them.

Related terms

Simulation: Simulation involves creating an artificial environment or model to imitate real-life situations and observe their behavior under different conditions. Tables of random values are commonly used in simulations.

Monte Carlo Method: The Monte Carlo method is a computational technique that uses repeated random sampling to obtain numerical results for complex problems. Tables of random values play an essential role in this method.

Experimental Design: Experimental design refers to the process of planning and conducting experiments to gather data and test hypotheses. Tables of random values can be used in designing randomized experiments.