Question: Estimate pi ( = 3 . 1 4 1 5 . . . ) using simulation. Your task is to design and implement a

Estimate \pi (=3.1415...) using simulation.
Your task is to design and implement a Monte Carlo simulation model in Excel to
estimate the value of \pi . The simulation should involve randomly selecting points within a
square and determining the ratio of points inside a circle to the total number of points
generated. [20 pts]

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