Efficient updating of kriging estimates and variances
For practical purposes, the main idea of the central limit theorem (CLT) is that the average of a sample of observations drawn from some population with any shape-distribution is approximately distributed as a normal distribution if certain conditions are met.In theoretical statistics there are several versions of the central limit theorem depending on how these conditions are specified.In applications of the central limit theorem to practical problems in statistical inference, however, statisticians are more interested in how closely the approximate distribution of the sample mean follows a normal distribution for finite sample sizes, than the limiting distribution itself.Sufficiently close agreement with a normal distribution allows statisticians to use normal theory for making inferences about population parameters (such as the mean ) using the sample mean, irrespective of the actual form of the parent population.The SIMSCRIPT provides a process-based approach of writing a simulation program.With this approach, the components of the program consist of entities, which combine several related events into one process.
The simulation approach of analyzing a model is opposed to the analytical approach, where the method of analyzing the system is purely theoretical.
These are concerned with the types of assumptions made about the distribution of the parent population (population from which the sample is drawn) and the actual sampling procedure.
One of the simplest versions of the theorem says that if is a random sample of size n (say, n larger than 30) from an infinite population, finite standard deviation , then the standardized sample mean converges to a standard normal distribution or, equivalently, the sample mean approaches a normal distribution with mean equal to the population mean and standard deviation equal to standard deviation of the population divided by the square root of sample size n.
Analogous to the holodeck in the popular science-fiction television program Star Trek, simulations generate dynamic environments with which users can interact "as if they were really there." Such simulations are used extensively today to train military personnel for battlefield situations, at a fraction of the cost of running exercises involving real tanks, aircraft, etc.
Dynamic modeling in organizations is the collective ability to understand the implications of change over time.