Tag: R

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10 July 2019 / / R / Monte Carlo Simulations
Today I will be using R to create Monte Carlo simulations as a means of exploring some of the ideas and concepts that underpin probability and statistics. This will provide us with an opportunity to brush up on these concepts as well as learn some of the basics of R. So, without further ado, let’s dive into the Law of Large Numbers and the Gamblers Fallacy. Law of Large Numbers and the Gamblers Fallacy