Question: Use Monte Carlo Simulation in Excel to calculate the integral of the function x for 0 < x < 5 . (Remember that the integral

Use Monte Carlo Simulation in Excel to calculate the integral of the function ^x for 0 < x < 5. (Remember that the integral is the area under the curve). Compare the true area with the one generated using Monte Carlo and plot the true function together with the one simulated using Monte Carlo.

How many runs do you need to get a result accurate to 2 decimal points? What about 3 decimal points?

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