Problem Set 1
Stochastic Simulation
due: 4:00pm Monday 2/3/14
Name
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50
Please complete each exercise given below on separate paper. Attach your work to this page.
1.
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2
0
13
3.
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Suppose a store nds that they tend to make a sale with pro
Simulation
V
'1
. Compute 0 = E[X] by hand. I f z 3 7
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C I Name(s) _(7 ll-@JLV4 /71
Condence Intervals for Simulated Data
. Suppose X is a RV that is from a distribution with pdf f(a:) = 2x2 for a: E [0, 2].
Design a way to numerical