Multiple choice

Which of these methods rely on repeated random sampling to obtain numerical results?

  1. Z-test

  2. Chi-squared test

  3. T-test

  4. Monte carlo methods

  5. Deterministic algorithm
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D Correct answer
Explanation

Monte carlo methods (or Monte carlo experiments) are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results; typically one runs simulations many times over in order to obtain the distribution of an unknown probabilistic entity.

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