Write a matlab program to simulate the monty hall problem

Assignment Help Financial Econometrics
Reference no: EM131214812

Write a MATLAB program to simulate the Monty Hall problem described in given Exercise. Run your program a large number of times and use the relative frequency to verify that your answer to given exercise is correct.

Exercise

This classic problem was given widespread pop culture attention in 2008 by the movie "21." A form of this problem known as the Monty Hall problem appeared in the "Ask Marilyn" column in Parade Magazine in 1990. Although the column's author, Marilyn vos Savant, provided the correct solution, many readers wrote the magazine insisting that her solution was wrong. Can you get this tricky problem correct?

The Monty Hall Problem-You are on a game show where you are asked to select one of three doors and you get to keep the prize behind the door. Behind one of the three doors is a new car, while there are goats behind the other two. After you select your door, the host, who knows where the car is, will open one of the doors that you did not select, which he knows to contain a goat. After the goat has been revealed, the host asks if you would like to change your selection and choose instead the other unopened door. Are you better off keeping your original selection, changing to the other unopend door, or does it not matter?

Reference no: EM131214812

Questions Cloud

Describe why companies develop predetermined overhead rates : Explain why companies develop predetermined overhead rates. Explain why the increase in the overhead rate should not have a negative financial impact on Borealis Manufacturing.
Depends whether you prefer the track record : But having demonstrated the extent that O'Leary met the Finklestein criteria, McManus concluded: "So, is it time for Ryanair to dump O'Leary - Depends whether you prefer the track record of one of the most successful businessmen in modern aviatio..
Explain the concept of organizational effectiveness : Explain the concept of organizational effectiveness, as it relates to the interactions of members. Describe methods used to assess the behaviors and attitudes of organizational members, and apply 1 model in an analysis of your organization.
Calculate its inductance and capacitance per unit length : Application: Parameters of coaxial line. The RG-l1/U coaxial line has the following properties: Z0 = 75 Ω and vp = 2c/3 m/s. Assuming the line to be lossless, calculate its inductance and capacitance per unit length.
Write a matlab program to simulate the monty hall problem : Write a MATLAB program to simulate the Monty Hall problem described in given Exercise.- This classic problem was given widespread pop culture attention in 2008 by the movie "21."
Difference in a consultant vs a contractor : Can one be productive working at home? Please describe in detail of whether or not your choice on this.
What are the characteristic impedance of the line : If reduction of at most 10 dB in amplitude is allowed before an amplifier is required, calculate the distance between each two amplifiers on the line.
What security considerations would have to take into account : What security considerations would you have to take into account? What are the business advantages of an art collection? How does "art appreciation" extend to the business and professional world?
How do companies keep mobile data secure for customers : How do companies keep mobile data secure for customers? How do companies use technology to create competitive advantage?

Reviews

Write a Review

Financial Econometrics Questions & Answers

  How much interest income will have to declare on tax return

You buy a zero coupon bond at the beginning of the year that has a face value of $1000, a YTM of 9 percent, and 12 years to maturity. You hold the bond for the entire year.

  Determine what coupon rate should aj pharmaceuticals set

AJ Pharmaceuticals would like to issue 20-year bonds to obtain the remaining funds for the new, Mexico plant. The company currently has 6.5% semiannual coupon bonds in the market that sell for $1,040 and mature in 20 years.

  Which is composed of sources and target market value

Common Stock: The firm's common stock is currently selling for $40 per share. The divident expected to be paid at the end of the coming year is $5.07. Its divident payments have been growing at a constant rate for the last five years.

  Which of the following securities has lowest interest rate

Which of the following securities has the lowest interest rate? A bond with default risk will always have a --- risk premium and an increase in its default risk will --- the risk premium

  Determine what is the risk-free rate of return-rrf

ZR Corporation's stock has a beta coefficient equal to 1.8 and a required rate of return equal to 16 percent. If the expected return on the market is 10 percent, what is the risk-free rate of return, rRF

  How many shares of stock will outdoor living need to sell

The underwriters estimate that the firm could sell additional shares of stock at $14.50 a share with a 7.5 percent underwriting spread. This would be a firm commitment underwriting.

  Determine what should be the apr for the monthly payment

for 4 years. You come back home and after doing the math you find that the monthly payment is beyond your means. At this time, you can only afford a monthly payment of $661.01.

  Determine what must the coupon rate be on the bonds

Page Enterprises has bonds on the market making annual payments, with ten years to maturity, and selling for $968. At this price, the bonds yield 6.90 percent. What must the coupon rate be on the bonds

  Find the coefficient of variation for each of the two sets

Find the coefficient of variation for each of the two sets of data (rounding to one decimal place), - then compare the variation in heights to the variation in weights.

  What are the expected return and the standard deviation

When a deposit matures, Smith's policy is to relodge the whole sum (principle & interest) immediately for further period. He chooses the term of each deposit according to his assessment of the interest rates available at that time.

  Find overall capitalization rate using band-of-investment

You borrow $75,000 for 30 years at 11% interest compounded annually. The value of the property is $100,000, PGI= $20,000, vacancy rates are 8%, and operating expenses are $81,000.

  Write the resulting benders cut

Show by example that Ti(Jik \Zik) ik) is possible in a disjunctive scheduling problem.- Write the resulting Benders cut (3.147).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd