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I need help with these questions involving simulation: One can draw heads or tails using uniform(0,1) draws by allocating heads if(0,1)0.5 & U(0,1)0.5and tails otherwise.
I need help with these questions involving simulation:
One can draw heads or tails using uniform(0,1) draws by allocating heads if(0,1)0.5 & U(0,1)0.5and tails otherwise.
What is the boundary valuexif we wish to make Win or Lose draws for one dice roll given a(0,1) draw? for example:
- Win if(0,1) or (0,1)xand for a loss.
- A winning dice roll is one if you choose the number that you picked. for example: you roll a specific number - like choosing six.
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