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johnwayne88 johnwayne88
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6 years ago
Explain what is meant by the statement: simulation is not limited to using the standard probability distributions.
 
  What will be an ideal response?
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6 years ago
Standard models include normal, binomial, beta, uniform, Poisson, exponential, and other probability distributions. Each has a specific set of assumptions and parameters. Real-world (empirical) systems can have any distribution imaginable. Simulation can mimic these real-world distributions by the use of random number intervals based on real-world behavior, and can therefore generate more realistic models than would occur if a standard model were used in place of a system-specific one.
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