This MS Excel file is a self-contained case study to teach Excel users how to create a Monte Carlo simulation while exploring how to handle the United States wealth gap. For most of you, the essential skill-building includes:
- Creating a Monte Carlo simulation when the outcomes do not have equal probabilities.
- Creating a random outcome the probability of which is dependent on the survivors of previous generation (proportions change when dealing with generations of the fruit fly, drosophila melanogaster, for example).
These 2 issues listed above grant you a distinct challenge which you might not find in many other MS Excel learning offerings.
- A basic understanding of dominant and recessive traits from high school biology
- A basic understanding of IF and AND functions
- A good sense of humor!