Grace is estimating the cost of installing the lighting for a building. She is modelling the cost of the electrical wire required for the project using Monte Carlo Simulation. Past experience indicates that the cost is normally distributed with a mean of $1410 and a variance of 4900. Her random number generator has produced the random numbers in the table below. Enter in the table below the values that she should use for the cost of the electrical wire in the first 10 realisations? (Use the Box-Muller method. Answer to the nearest dollar.) Check U₁ 42 0.058 0.861 0.603 0.544 0.46 0.38 0.109 0.381 0.87 0.211 X2
Grace is estimating the cost of installing the lighting for a building. She is modelling the cost of the electrical wire required for the project using Monte Carlo Simulation. Past experience indicates that the cost is normally distributed with a mean of $1410 and a variance of 4900. Her random number generator has produced the random numbers in the table below. Enter in the table below the values that she should use for the cost of the electrical wire in the first 10 realisations? (Use the Box-Muller method. Answer to the nearest dollar.) Check U₁ 42 0.058 0.861 0.603 0.544 0.46 0.38 0.109 0.381 0.87 0.211 X2
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Grace is estimating the cost of installing the lighting for a building. She is modelling the cost of the electrical
wire required for the project using Monte Carlo Simulation. Past experience indicates that the cost is normally
distributed with a mean of $1410 and a variance of 4900. Her random number generator has produced the
random numbers in the table below. Enter in the table below the values that she should use for the cost of the
electrical wire in the first 10 realisations? (Use the Box-Muller method. Answer to the nearest dollar.)
Check
U2
0.058 0.861
0.603 0.544
0.46 0.38
0.109 0.381
0.87 0.211
X1
X2
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