(Answered) The code should be in pythondetermining experimentally

Economics

The code should be in Python.

Determining ? Experimentally: Recall that ? is the ratio of a circle's circumference to its diameter and that we can calculate the area of a circle with the formula A=?r2. Below is a circle enscribed within the unit square. What is the ratio of the areas of the enscribed circle to that of the unit square? If we pick a random point within the unit square what is the probability that the point will also lie within the circle? If we repeat this experiment an arbitrarily large number of times the ratio of the number of points which lie within the circle to the number of points within the unit square (all of them) will approach ?/4. Using the language structures we have discussed write a program that will do the above experiment an arbitary (determined at run-time) number of times and report back the approximate value of ?.

This is Python Question and I want it to be code to be in python language.

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M91824813
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question - a a firm producing two products x and y where x

Question - a. A firm producing two products X and Y where x and y are the quantity of product X and Y produced respectively. If the firm produces on the same isocost and has a fixed cost of $1000. Given the marginal cost ...

Question develop a 12-slide microsoftreg powerpointreg

Question: Develop a 12-slide Microsoft® PowerPoint® presentation including detailed speaker notes or voiceover including the following: Describe the intervention and detail its history. Analyze the arguments for governme ...

Question 1 a consumer lives for two periods the present and

Question: 1. A consumer lives for two periods (the present and the future). His income in period 1 is 100. His income in period 2 is 200. Prices of the single consumption good are $1 per unit in both periods. The interes ...

Question - practical applications the central banks can

Question - Practical Applications: The Central banks can influence a country's economy by solely varying interest rates. How? Policy Notebook: In a globalised economy, these policies need to be coordinated and cooperated ...

Production cost analysis and estimation applied problems

Production Cost Analysis and Estimation Applied Problems - Please complete the following two applied problems: Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering cos ...

Question - the space below shows the budget constraint

Question - The space below shows the budget constraint between food (F) and non-food consumption (X). This household has $800/month to spend on the two goods, the price of food = $4/unit and PX = 1. Label both axes and b ...

Question - the fuel filter section of u-beaut tractors pty

Question - The fuel filter section of U-Beaut Tractors Pty currently manufactures two range of filters for its farm equipment production. The standard line of filters is produced in annual quantities of 20,000 units, whe ...

Question - a firm has two variable factors and a production

Question - A firm has two variable factors and a production function, f(x 1 , x 2 ) = x 1 ½ x 2 ¼ . The price of its output is 4. Factor 1 receives a wage of w 1 and factor 2 receives a wage of w 2 . (a) Write an equatio ...

Question - the statutes of the recently established

Question - The statutes of the recently established European Central Bank (ECB) state that its primary objective is to maintain price stability. How does this charter differ from that of the Fed? What significance does i ...

Question - feldstein 2012 indicates that the hospital is

Question - Feldstein (2012) indicates that the hospital is the most important institutional setting for the delivery of medical services because it represents "the largest single health care expenditure category," and it ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

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.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Macroeconomics Expert