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Physical Sciences and Mathematics Commons

Open Access. Powered by Scholars. Published by Universities.®

Statistics and Probability

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City University of New York (CUNY)

2013

Central Limit Theorem

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Simulation Insights Using R, Boyan Kostadinov Mar 2013

Simulation Insights Using R, Boyan Kostadinov

Publications and Research

This article attempts to introduce the reader to computational thinking and solving problems involving randomness. The main technique being employed is the Monte Carlo method, using the freely available software R for Statistical Computing. The author illustrates the computer simulation approach by focusing on several problems of increasing difficulty. The simulation techniques and the specific problems discussed in this article would be of interest to STEM students and instructors, teaching courses in Monte Carlo simulations, stochastic modeling, probability and statistics. The R code for all problems is discussed in full detail so that the reader can get a taste of …