A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
Bartleby Related Questions Icon

Related questions

Question
5. Let's estimate using simulation. To do that, simulate the event of tossing a dart into a unit square in Excel
and count how many darts fall into an inscribed circle of the unit square. (Hint: Use =Rand() to generate a number
from Uniform(0,1) in Excel.) Then compute an estimate of 7 using the ratio of the darts that had fallen into the
circle based on 50, 100, 500, 1000, 3000, 5000 tosses, respectively. Also answer the following questions.
(a) Does the estimate seem to converge to the true value of 7 as the number of tosses increase? Why?
(b) Compute the 95% confidence intervals of these estimates. Explain in words the meaning of the confidence
interval.
expand button
Transcribed Image Text:5. Let's estimate using simulation. To do that, simulate the event of tossing a dart into a unit square in Excel and count how many darts fall into an inscribed circle of the unit square. (Hint: Use =Rand() to generate a number from Uniform(0,1) in Excel.) Then compute an estimate of 7 using the ratio of the darts that had fallen into the circle based on 50, 100, 500, 1000, 3000, 5000 tosses, respectively. Also answer the following questions. (a) Does the estimate seem to converge to the true value of 7 as the number of tosses increase? Why? (b) Compute the 95% confidence intervals of these estimates. Explain in words the meaning of the confidence interval.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
A First Course in Probability (10th Edition)
Probability
ISBN:9780134753119
Author:Sheldon Ross
Publisher:PEARSON
Text book image
A First Course in Probability
Probability
ISBN:9780321794772
Author:Sheldon Ross
Publisher:PEARSON