Monte carlo simulation

Data is compiled from students regarding the number of movies seen per month
is tabulated as a probability distribution.
0
0.09433962
0 0.018868
0.10
1
0.33962264
1 0.037736
0.34
2
0.28301887
2 0.188679
0.28
3
0.11320755
3 0.188679
0.11
4
0.09433962
4 0.188679
0.10
5
0.03773585
5 0.150943
0.04
8
0.03773585
6 0.188679
0.03
1
11 0.037736
1.00
1
SIMULATION USING EXCEL
No. of
movies
x
0
1
2
3
4
5
8

Student
1
2
3
4
5
6
7
8
9
10
11
12
13
14

Freq
p(x)
0.100
0.340
0.280
0.110
0.100
0.040
0.030
College 1
Random
No
93
16
38
97
6
52
59
61
36
3
55
45
43
36

Lower limit
Upper limit

Allot
Random
Nos. (LL)
LL

00
99

Allot
Random
Nos. (UL)
UL

0
10
44
72
83
93
97

9
43
71
82
92
97
99

No.of
Movies
5
1
1
8
0
2
2
2
1
0
2
2
1
1

Sample Mean (X-bar)

Avg SD (S)

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

98
32
2
0
60
87
58
70
75
7
4
24
40
40
21
84
21
59
91
10
33
43
51
22
7
17
80
81
80
86
12
32
20
3
41
30
Mean
Max
Min
SD

8
1
0
0
2
4
2
2
3
0
0
1
1
1
1
4
1
2
4
1
1
1
2
1
0
1
3
3
3
4
1
1
1
0
1
1
1.800
8.000
0.000
1.761

Avg SD ( of x-bar)

10.00%
34.00%
28.00%
11.00%
10.00%
4.00%
3.00%
100.00%

Older methods of assigning - Random (when no excel was available)

Assign number by random selection
Assign numbers
Assign Chips
Initially designed on this model
Revision of model
Assign 10 numbers for p=0 00-09
Assign 34 numbers for p=1 10-43
Assign 28 numbers for p=2 44-71
Assign 11 numbers for p=3 72-82
Assign 10 numbers for p=4 83-92
Assign 4 numbers for p=5
93-96
Assign 3 numbers for p=8
97-99
F9
To keep chaning the random data for viewing diff nos
=RAND()
=RANDbetween(LL,UL)
=LOOKUP(Student,LowerLimit,no.of.movies)

LL
UL
College
No.
1
2
3
4
5
6
7
8
9
10
11

12
13
14
15
16
17
18
19
20
ample Mean (X-bar)
Avg SD (S)

Mean
1.800
2.020
2.440
2.780
1.800
1.960
2.040
1.820
2.000
2.020

Max
8.000
8.000
8.000
8.000
5.000
5.000
8.000
5.000
5.000
8.000

Min
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000

SD
1.761
1.571
1.820
2.315
1.429
1.324
1.795
1.257
1.309
1.684

USE:Data/Whatifanalysis/Da

Use any blank cell and give thi

1.620
8.000
0.000
1.383
2.520
8.000
1.000
1.798
2.460
8.000
0.000
2.140
2.360
8.000
0.000
1.711
2.180
8.000
0.000
1.734
2.260
8.000
0.000
1.838
2.080
5.000
0.000
1.291
1.920
5.000
0.000
1.383
2.040
8.000
0.000
1.616
1.660
8.000
0.000
1.673
2.089
Find Avg Mean for all 20 college means
0.303
Find SD for all 20 college means
Avg Mean fluctuates much less than individual variations in each college
Avg SD fluctuates much less than individual variations in each college

Avg SD ( of x-bar)

0.043

=Avg SD / n (n = sample size of each college)

n = 50

Conclusion
Sample mean - is the average of the sample average means of all college
Sample SD - has lesser spread than spread of each individual college
ALWAYS USE 'STDEV' FOR ALL St.Dev. CALCULATION OF SAMPLES

n no excel was available)

ssign Chips
Random No. books

iewing diff nos

USE:Data/Whatifanalysis/DataTable

Use any blank cell and give this cells reference in column input

an for all 20 college means

all 20 college means