Provide the estimate of the desired probability

Reference no: EM131219061

Let

We desire to find

Write a MATLAB program to estimate this probability through Monte Carlo simulation techniques. If we want to be 90% sure that our estimate is within 5% of the true value, about how many times should we observe the event

Run your program and provide the estimate of the desired probability. Can you find the probability analytically?

Reference no: EM131219061

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