Please utilize Monte Carlo simulation to evaluate / estimate the following integral f(x) = {2(1-e)}dt for...

     

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Please utilize Monte Carlo simulation to evaluate / estimate the following integral f(x) = {2(1-e)}dt for X = 2. A. Explain conceptually (i.e., describe the steps one by one) how to perform a Monte Carlo simulation to address this problem. B. Construct the Monte Carlo simulation described in Part A via a Spreadsheet simulation and then employ 200 (random) samples in an/EACH experiment to estimate the value of the integral. C. Repeat the experiment 20 times (while EACH experiment yields an estimated value) and calculate the mean and standard deviation of the resulting 20 estimate values. st the wate D. Calculate the analytical (exact) value of the integral, which can then be compared against mean value obtained above in Part C to figure out the error. Go to Settin Please utilize Monte Carlo simulation to evaluate / estimate the following integral f(x) = {2(1-e)}dt for X = 2. A. Explain conceptually (i.e., describe the steps one by one) how to perform a Monte Carlo simulation to address this problem. B. Construct the Monte Carlo simulation described in Part A via a Spreadsheet simulation and then employ 200 (random) samples in an/EACH experiment to estimate the value of the integral. C. Repeat the experiment 20 times (while EACH experiment yields an estimated value) and calculate the mean and standard deviation of the resulting 20 estimate values. st the wate D. Calculate the analytical (exact) value of the integral, which can then be compared against mean value obtained above in Part C to figure out the error. Go to Settin