+61-413 786 465

info@mywordsolution.com

## Engineering

 Civil Engineering Chemical Engineering Electrical & Electronics Mechanical Engineering Computer Engineering Engineering Mathematics MATLAB Other Engineering Digital Electronics Biochemical & Biotechnology

Aim: To practice MATLAB and basic Simulation Techniques

problem) A gambler makes a series of plays with outcomes X1,X2.......  where the Xi, i>=1 are independent, identically distributed random variables. The cost of each play is c. The gambler can stop at any time n>=1 with the fortune: The gambler will stop if Xn > β. The gambler wants to maximize the mean of his fortune. What are the best values of β in the following two cases?

1) Case A: c = 0.2 and the distribution of Xn is the exponential distribution, i.e., its density function is 2) Case B: c = 0.1 and Xn is a discrete random variable obeying Poisson distribution:

P(x=k) = 1/ek! for k= 0,1,2,3....,

i) Find the best of values of β by using Monte Carlo simulation.

ii) prepare a report with the following sections:

Problem: You should describe this problem in a way such that a 16-year old high student student can understand it.

Method: You should describe and describe your method (not your matlab code) in details.

Code: your well-structured and well-documented code.

Experimental Results and Discussion: You report your ex-perimental results here and give some discussions. You should use figures to show your results.

Conclusion: Summarize what you have done and your reection. Your report should be at most five pages.

Submissions:

1) On-line submission

MATLAB, Engineering

• Category:- MATLAB
• Reference No.:- M9172

Have any Question?

## Related Questions in MATLAB

### Assignment - matlab programmingusing appropriate matlab

Assignment - MatLab Programming Using appropriate MatLab syntax, write the code required to analyse and display the data as per the problem description. The order of the MatLab Program should be as follows: Variables and ...

### Assignment matlab programmingusing appropriate matlab

Assignment: MatLab Programming Using appropriate MatLab syntax, write the code required to analyse and display the data as per the problem description. The order of the MatLab Program should be as follows: Variables and ...

Assignment After the success of your robo-advice venture you decide to explore alternative sources of profitability for your company. You realize that Australian investors are often forced to chose between expensive acti ...

### Question - verify the attached paper with matlab and get

Question - Verify the attached paper with matlab and get all the results in the paper and explain step by step the matlab code. Paper - Improving Massive MIMO Belief Propagation Detector with Deep Neural Network. Attachm ...

### Question 1 manipulate spectral imagehyperspectral images

Question 1. Manipulate spectral image Hyperspectral images can be seen as a generalisation of normal colour images such as RGB images. In a normal RGB colour image, there are 3 channels, i.e. channels for red colour, gre ...

### Assignment -we have daily gridded rainfall data of 40 years

Assignment - We have daily gridded rainfall data of 40 years and structure of the dataset is like below; Lat = [6.5:0.25:38.5]; Lon = [66.5:0.25:100]; Rainfall (135x129x365x40) (Lon, Lat, days, years). Now, we looking fo ...

### Recitation problems -1 determine the highest real root of

Recitation Problems - 1. Determine the highest real root of f(x) = 2x 3 - 11.7x 2 + 17.7x - 5 using the Newton-Raphson method with at least four iterations. Start with an initial guess of x 0 = 3. 2. Determine the real r ...

### Assignment -matlab codes and simulated model in

Assignment - Matlab codes and simulated model in simulink/matlab and truetime. 1. Matlab codes and simulink model for pid controller optimization using particle swarm optimization (PSO) my plant is integer order 1000/(s^ ...

### Assignment - matlab programmingusing appropriate matlab

Assignment - MatLab Programming Using appropriate MatLab syntax, write the code required to analyse and display the data as per the problem description. The order of the MatLab Program should be as follows: Variables and ...

### Suppose that a student has the option of enrolling for a

Suppose that a student has the option of enrolling for a single elective during a term. The student must select a course from a limited list of options: "English, " "History, " "Biology, " "Computer, " or "Math." Constru ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

### Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

### Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of \$ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

### Compute the present value of an 1150 payment made in ten

Compute the present value of an \$1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

### Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of \$ 699 per year for 19 years, given a discount rate of 6 percent per annum. As