Using Simulations to Predict Probability

Online simulation software can be very useful to us because it helps us conduct trials of an experiment many times very quickly. 

We also learned from the last lesson video that if we conduct a simulation a large number of times (known as the "long-run") that the experimental probability and theoretical probability will get closer and closer to matching. 

This comes in handy when we don't know the theoretical probability. If I can simulate a large number of trials of the experiment, then I can come up with an estimate the theoretical probability.