\( \uparrow 4.3 .3 \) Quiz: Simulation and Modeling with Data Question 4 of 10 Which number of simulation trials would be likely to produce results that are closest to the actual probability? A. 15 B. 25 C. 30 D. 20
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Bonus Knowledge
In general, the more simulation trials you conduct, the closer your results will be to the actual probability due to the Law of Large Numbers. Conducting more trials allows random variations to balance out, leading to a more accurate estimate. So, in this case, the choice that is likely to yield the most accurate results would be C. 30. It's crucial to remember that smaller sample sizes can lead to higher variability and potentially misleading outcomes. So, while it might be tempting to stop at fewer trials, striving for more—like 30—helps ensure that your data representation is robust and reliable. Happy simulating!