WRiting Assignment 4

Explain the following in your own words. Do not merely copy material from your textbook.

1. Monte Carlo simulation
2. Non-normal assumptions

[MO 4.3]

B. Problems

When preparing your answers, identify each problem clearly by textbook chapter and problem number. To receive full credit for your answers, you must show all work and include complete solutions.

1. Chapter 12: Complete Practice Questions and Problems item 12.3 and Further Questions item 12.12 from the end of Chapter 12.
2. Chapter 13: Complete Practice Questions and Problems items 13.3 and 13.6 from the end of Chapter 13.