I've written the following code, based on a for loop to approximate the number pi using the Monte-Carlo-method for 100, 1000, 10000 and 100000 random points. ...
Due to work related issues I can't discuss the exact question I want to ask, but I thought of a silly little example that conveys the same idea. Lets say the number of candy that comes in a package ...
Are there standard definitions that express the notion that sampling from a given continuous random variable can be approximated "to any desired degree of accuracy" by sampling from an appropriately ...
I'm trying to use odds data from bookmakers to estimate the expected number of goals in a game. We have these known facts: P(o4.5) = 0.573 P(o5.5) = 0.458 P(o6.5) = 0.279 P(o4.5) is the ...