Apply Supply voltage (3V) from the signal generator with arbitrary frequency.
Set the value of the unknown air cored coil from 'Set Inductor Value' tab by clicking on 'Set' button.
Then switch on the supply to get millivoltmeter deflection.
Choose the values of r1, R2, R3, R4, r, and C from the resistance and capacitance box. Varry the values to some particular values to achieve "Null".
Observe the millivoltmeter pointer to achieve "Null" or closest to "Null".
If "Null" is achieved, switch to 'Measure Inductor Value' tab and click on 'Simulate'. Observe calculated values of unknown Inductor (L1) and it's Internal Resistance (R1). Also observe the Quality factor (or Q-factor) of the coil which is defined as `(omegaL)/r`. Where, `omega=2pif`.