Business Driven Technology
Business Driven Technology
7th Edition
ISBN: 9781259567322
Author: Paige Baltzan Instructor
Publisher: McGraw-Hill Education
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Chapter 8, Problem 4MBD
Program Description Answer

Given statement:

“Facebook can use user’s data in whatever ways it can.”

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using r language
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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