Question: Basic Monte Carlo Simulation Assignment 1A -Estimatingwith crude Monte Carlo simulation A basic method of estimating?is to randomly choose points in the unit square and

Basic Monte Carlo Simulation

Assignment 1A -Estimatingwith crude Monte Carlo simulation

A basic method of estimating?is to randomly choose points in the unit square and to determine the proportion of these points that lie within the unit circle.

In the diagram below the area of the square is 1 and the area of the quadrant of the circle is?/4.

The points within the quadrant of the circle are described by the inequality

Basic Monte Carlo Simulation Assignment 1A

O r = 1 A

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