Question: The Monte Carlo Method is also typically used to numerically compute an approximation of a quantity that is very hard or even impossible to compute

The Monte Carlo Method is also typically used to numerically compute an approximation of a quantity that is very hard or even impossible to compute like, e.g., integrals. Following up on Exercise 3 on Assignment 4, write a Python code to estimate the irrational number 3.1415926535897932384626433... based on the Monte Carlo Method. Specifically, recall that 0 and generate a sequence U1, U2,... of independent, on [0, 1 uniformly distributed random variables to perform your MC estimation. As in Problem 1 above, plot your estimates for different numbers of used simulations n running from 1 to 1,000. Your plot should again illustrate how your estimate appears to converge to . ### Implement your MC simulation here
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
