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Module 25

This document describes a module on simulating a coin toss using Excel, focusing on a sequence of 10 tosses with a fair coin. It utilizes Monte Carlo simulation techniques and presents four solutions, two using the RAND() function and two using the Rnd01 function. The module concludes with an examination of how to use VBA for the simulation.

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homeimran0335
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2 views

Module 25

This document describes a module on simulating a coin toss using Excel, focusing on a sequence of 10 tosses with a fair coin. It utilizes Monte Carlo simulation techniques and presents four solutions, two using the RAND() function and two using the Rnd01 function. The module concludes with an examination of how to use VBA for the simulation.

Uploaded by

homeimran0335
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Modeling and Simulation

Simulating a Coin Toss

1
Simulating a Coin Toss

• In this module, we shall


see how we can
simulate a coin toss
using Excel

2
The Problem

• We want to simulate a
sequence of 10 coin
tosses.
• Coin is a “fair” coin
• Fair means same chance
of heads vs. tail

3
Type of Simulation: Monte Carlo Simulation

• There are no events


• No clock times being
tracked

4
Description: Solutions

• The spreadsheet example


has 4 solutions.
• Two use RAND() and
other two use Rnd01
function

5
Simulation

6
Summary

• In this module, we have


examined how we can use
VBA to simulate a coin
toss.

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