using of tossing a squar how many darts fall into an inscribed circle of the unit square. (Hint: Use =Rand() to generate rm(0,1) in Excel.) Then compute an estimate of using the ratio of the darts that had falle I on 50, 100, 500, 1000, 3000, 5000 tosses, respectively. Also answer the following questions. e estimate seem to converge to the true value of as the number of tosses increase? Why? te the 95% confidence intervals of these estimates. Explain in words the meaning of the

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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5. Let's estimate using simulation. To do that, simulate the event of tossing a dart into a unit square in Excel
and count how many darts fall into an inscribed circle of the unit square. (Hint: Use =Rand() to generate a number
from Uniform(0,1) in Excel.) Then compute an estimate of 7 using the ratio of the darts that had fallen into the
circle based on 50, 100, 500, 1000, 3000, 5000 tosses, respectively. Also answer the following questions.
(a) Does the estimate seem to converge to the true value of 7 as the number of tosses increase? Why?
(b) Compute the 95% confidence intervals of these estimates. Explain in words the meaning of the confidence
interval.
Transcribed Image Text:5. Let's estimate using simulation. To do that, simulate the event of tossing a dart into a unit square in Excel and count how many darts fall into an inscribed circle of the unit square. (Hint: Use =Rand() to generate a number from Uniform(0,1) in Excel.) Then compute an estimate of 7 using the ratio of the darts that had fallen into the circle based on 50, 100, 500, 1000, 3000, 5000 tosses, respectively. Also answer the following questions. (a) Does the estimate seem to converge to the true value of 7 as the number of tosses increase? Why? (b) Compute the 95% confidence intervals of these estimates. Explain in words the meaning of the confidence interval.
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