#### Overview of this book

Data Science with R aims to teach you how to begin performing data science tasks by taking advantage of Rs powerful ecosystem of packages. R being the most widely used programming language when used with data science can be a powerful combination to solve complexities involved with varied data sets in the real world. The book will provide a computational and methodological framework for statistical simulation to the users. Through this book, you will get in grips with the software environment R. After getting to know the background of popular methods in the area of computational statistics, you will see some applications in R to better understand the methods as well as gaining experience of working with real-world data and real-world problems. This book helps uncover the large-scale patterns in complex systems where interdependencies and variation are critical. An effective simulation is driven by data generating processes that accurately reflect real physical populations. You will learn how to plan and structure a simulation project to aid in the decision-making process as well as the presentation of results. By the end of this book, you reader will get in touch with the software environment R. After getting background on popular methods in the area, you will see applications in R to better understand the methods as well as to gain experience when working on real-world data and real-world problems.
Simulation for Data Science with R
Credits
www.PacktPub.com
Preface
Free Chapter
Introduction
R and High-Performance Computing
The Discrepancy between Pencil-Driven Theory and Data-Driven Computational Solutions
Simulation of Random Numbers
Monte Carlo Methods for Optimization Problems
Probability Theory Shown by Simulation
Resampling Methods
Applications of Resampling Methods and Monte Carlo Tests
The EM Algorithm
Simulation with Complex Data
System Dynamics and Agent-Based Models
Index

## The weak law on large numbers

The questions from the previous section led us to limit theorems. The most important limit theorems are the (weak) law of large numbers, the theorem of (Glivenko, 1933) and (Cantelli, 1933), and the central limit theorem.

First we will have a look at the weak law of large numbers. The strong law of weak numbers is mathematically more sophisticated, but tells (almost) the same story.

The weak law of large numbers is a very intuitive concept; Jakob Bernoulli even thought this 20 years after he published it in 1713, as the golden theorem. But if we take a closer look at this law, we jump into a whole world of mathematical statistics.

The weak law of large numbers is applied in betting offices, in financial assessments and for insurance, and so on. It builds the foundation of statistics, and data scientists should be aware of it. By understanding the weak law of large numbers and the central limit theorem, one understands the basics of mathematical statistics.