Unformatted text preview: (d) In this experiment, it took 280 Monte Carlo simulations to get 2 digits of accuracy. Asking for 3 digits raises the number of trials into the ten thousands, since the variance is high relative to this threshold. (e) There is only one path to state Q, corresponding to a single infection, and the product of the probabilities of transitions along this path are (1 − τ ) 4 . There are...
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- Fall '11
- Infectious Disease, Monte Carlo method, Monte Carlo simulations, Monte Carlo methods in finance