Question

Which of these numbers of simulations of an event would be most likely to produce results that are closest to those predicted by probability theory?
A.70
B.60
C.80
D.50

Answer 1

C. 80 simulations would be the most likely to reproduce results predicted by probability theory. Due to the law of large numbers, as the number of trials increase, the actual ratio of outcomes will converge on the theoretical, or expected, ratio of outcomes.