Table of Random Values

Definition

A table of random values is a list or chart that contains randomly generated numbers. These tables are often used for simulations and statistical experiments where randomness needs to be incorporated.

Related terms

Simulation: Simulation involves creating an artificial environment or model to imitate real-life situations and observe their behavior under different conditions. Tables of random values are commonly used in simulations.

Monte Carlo Method: The Monte Carlo method is a computational technique that uses repeated random sampling to obtain numerical results for complex problems. Tables of random values play an essential role in this method.

Experimental Design: Experimental design refers to the process of planning and conducting experiments to gather data and test hypotheses. Tables of random values can be used in designing randomized experiments.