Category: Simulation
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Markov Chain Simulation
I’ve been reading up on Markov chains and related concepts. On the wikipedia page there is an example of a 2 state Markov process. I decided to simulate it in R and plot the mean of the means. Quick Code example here: The mean of means (of state e) is close to .36. If you […]
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Simulating the Monty Hall Problem in R.
The Monty Hall Problem is famous in the world of statistics and probability. For those struggling with the intuition, simulating the problem is a great way to get at the answer. Randomly choose a door for the prize, randomly choose a door for the user to pick first, play out Monty’s role as host, and […]