Chapter Contents
Rolling Dice
A simple example of a Monte Carlo simulation from elementary probability is rolling a six-sided die and recording the results over a long period of time. Of course, it is impractical to physically roll a die repeatedly, so JMP is used to simulate the rolling of the die.
The assumption that each face has an equal probability of appearing means that we want to simulate the rolls using a function that draws from a uniform distribution. The Random Uniform() function pulls random real numbers from the (0,1) interval. However, JMP has a special ...
Get JMP Start Statistics, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
