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Use at least 10000 simulations to answer the following questions.;1. Suppose Xi for i=1, 2, 3??? has Uniform(0,1) distribution.;A. Let...

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Use at least 10000 simulations to answer the following questions.;1. Suppose X i for i=1, 2, 3? has Uniform(0,1) distribution.;A. Let M = min (n: X 1 + X 2 + ? + X n > 1). Find E (M) by simulation.;B. Let N = min (n+1: X n > X n+1). Find E (N) by simulation.;2. Toss a pair of fair dice. If you get any double stop and lose. Otherwise keep tossing. If any sum gets repeated before getting any doubles stop and win.;A. Find the probability of winning;B. Find the expected number of tosses per game.

 

Paper#63556 | Written in 18-Jul-2015

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