MonteCarlo

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The CLT

Suppose that you lived in a town with a population whose weights had a mean of 180lbs and a standard deviation of 9lbs. Now, some people in this town underwent a weight reduction program, and you want to know if it had a significant effect. Did the "intervention" work…

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The LLN

Suppose that you toss a fair coin and catch it to see if you got heads or tails. Then you have this intuition that while you might get a streak of several heads in a row, in the long run the heads and tails are balanced. This is actually an example of a famous law: the Law of…