Explain how simulation is related to probability and explain how simulation is used in the real world.

  1. Explain how simulation is related to probability and explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.
  2. Identify the parts or aspects of the probability theory that you have found to be particularly challenging. Describe why you believe that such aspects of probability are challenging, and provide remedies to simplify those aspects.

In your two replies to classmates, provide remedies to simplify those aspects of probability theory that they have found to be challenging.

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