Question: This estimates the probability P(X 1). Now find all random numbers that are greater than 4. Among these, find the fraction that are greater
This estimates the probability P(X 1). Now find all random numbers that are greater than 4.
Among these, find the fraction that are greater than 5.
This estimates the probability P(X 4 1|X 4).
According to the memoryless property, these two estimates should be nearly equal. Are they? Try to do this without freezing the random numbers, so that you can get repeated estimates of the two probabilities by pressing the F9 key.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
