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Are You Wasting Time Running Too Many Simulations?

How Many Simulations Do You Need to Be Confident in Your Analysis?

An analysis in 3DCS gives you two things: Descriptive statistics and inferential statistics.

To estimate how well a statistic predicts the value of the parameter of the entire population, its confidence interval may also be calculated. 

Take Aways:

  • Chi-squared Distribution
  • Student’s t Distribution
  • Determining the desired confidence interval

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