Building Monte Carlo Model with Dice Roll
There is an Excel file that teaches how to perform the Building Monte Carlo Model with Dice Roll operation.
Excel Source: Building Monte Carlo Model with Dice Roll
The Monte Carlo method is modeled and visualized with VBA through a dice roll simulation in this file. Additionally, a distribution histogram is created from the results of a large number of trials. Thus, probabilistic convergence and the law of large numbers are experienced in Excel. For this reason, a concrete and entertaining application example is presented in statistics education. Therefore, combined use of VBA loop and random number generation is reinforced through this example.
Hope it is useful.