Information about monte carlo simulation

Reference no: EM13103638

Suppose we have a ""black box" which on command can generate the value of a gamma random variable with parameters 1.5 and 1. Explain how we can use this black box to approximate E[exp(x)/(x+1)], where x is an exponential random variable with mean 1.

I think it can be solved by importance sampling

Reference no: EM13103638

Questions Cloud

Description of computing probabilities : For people with a certain disease, the length of time Y spent in remission is described by the following pdf

Find the critical value to test the claim : Find the critical value to test the claim that all ages have purchase rates proportional to their driving rates.

Describe why this type of tool is optimal in hypothesis : Decide on the kind of tool or instrument you think would be operative given your topic, describe why this type of tool would be optimal

Gathering the data for test hypotheses : How should he go about taking samples to gather data for testing the hypotheses?

Information about monte carlo simulation : Suppose we have a ""black box" which on command can generate the value of a gamma random variable with parameters 1.5 and 1. Explain how we can use this black box to approximate

Probability mass function-poisson : An article in Annals of Mathematical Statistics reports the following data on the number of borers in each of 120 groups of borers. Does the Poisson pmf provide a plausible model for the distribution of the number of borers in a group?

Explain contact human resources manager : Contact Human Resources manager at your company, division or at another company. Ask the manager to describe the methods they use to verify eligibility prior to hiring

Confidence-test the hypotheses : Determine the p-value; and at 93.7% confidence, test the above hypotheses.

Academic response of normal probability : An economist wishes to estimate the average family income in a certain population. The population standard deviation is known to be $4,500, and the economist uses a random sample of size = 225.

User Account

All Pages