EP MINDTAPV2.0 FOR CORONEL/MORRIS'S DAT
EP MINDTAPV2.0 FOR CORONEL/MORRIS'S DAT
13th Edition
ISBN: 9780357427866
Author: Coronel
Publisher: Cengage Learning
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Chapter 2, Problem 16RQ
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Big Data:

  • The term big data refers to the vast amount of data which cannot be processed and analysed when traditional computer technologies and tools are applied.
  • Big data also presents a new way of business thinking, new tools, new technology, and new data management.

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Write a function to compute a Monte Carlo estimate of the Beta(3, 3) cdf, and use the function to estimate F(x) for x = 0.1,0.2,...,0.9. Compare the estimates with the values returned by the pbeta function in R.
Write a function to compute a Monte Carlo estimate of the Gamma(r = 3, λ = 2) cdf, and use the function to estimate F(x) for x = 0.2, 0.4, . . . , 2.0. Compare the estimates with the values returned by the pgamma function in R.
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