20/08/2019 Quiz: Week 4 Homework

Week 4 Homework
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Started: Aug 20 at 2:17pm

Quiz Instructions

Question 1 1 pts

(Lesson 3.1: Solving a Differential Equation.) Suppose that . We know that if

is small, then

Using this expression with , find an approximate value for .

a. 1

b. 2.72

c. 7.38

d. 14.93

Question 2 1 pts

(Lesson 3.1: Solving a Differential Equation.) Suppose that . What is the

actual value of ?

a.

b.

c.

d.

e.

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20/08/2019 Quiz: Week 4 Homework

Question 3 1 pts

(Lesson 3.1: Solving a Differential Equation.) Consider the differential equation

with . What is the exact formula for ?

a.

b.

c.

d.

Question 4 1 pts

(Lesson 3.1: Solving Differential Equations.) Consider the differential equation

with . Solve for using Euler's approximation
method with increment for .

a.

b.

c.

d.

Question 5 1 pts

(Lesson 3.2: Monte Carlo Integration.) Suppose that we want to use Monte Carlo
integration to approximate . If are i.i.d. Unif(0,1)'s, what's
a good approximation for ?

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20/08/2019 Quiz: Week 4 Homework

a.

b.

c.

d.

e.

Question 6 1 pts

(Lesson 3.2: Monte Carlo Integration.) Again suppose that we want to use Monte Carlo
integration to approximate . You may have recently discovered that the
MC estimator is of the form

Estimate the integral by calculating with the following 4 uniforms:

a. 0

b. 0.2

c. 0.321

d. 0.679

e. 0.8

Question 7 1 pts

(Lesson 3.2: Monte Carlo Integration.) Yet again suppose that we want to use Monte
Carlo integration to approximate . What is the exact value of ?

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20/08/2019 Quiz: Week 4 Homework

a. 0.197

b. 0.693

c. 1.386

d. 2.773

Question 8 1 pts

(Lesson 3.3: Making Some .) Inscribe a circle in a unit square and toss
random darts at the square. Suppose that 760 of those darts land in the circle. Using the
technology developed in class, what is the resulting estimate for ?

a.

b. 4.0 (UGA answer)

c. 3.2

d. 3.04

e. 3.12

Question 9 1 pts

(Lesson 3.3: Making Some .) BONUS: Now suppose that we can somehow toss
random darts into a unit cube. Further, suppose that we've inscribed a sphere with radius
1/2 inside the cube. Let be the proportion of the darts that actually fall within the
sphere. Give a Monte Carlo scheme to estimate .

a.

b.

c.

d.

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20/08/2019 Quiz: Week 4 Homework

Question 10 1 pts

(Lesson 3.4: Single-Server Queue.) Consider a single-server Q with LIFO (last-in-first-

out) services. Suppose that three customers show up at times 5, 6, and 8, and that they
all have service times of 4. When does customer 2 leave the system?

a. 3

b. 9

c. 13

d. 17

e. 19

Question 11 1 pts

(Lesson 3.5: Inventory Model.) Consider our numerical example from the lesson.
What would the third day's total revenues have been if we had used a (4,10) policy
instead of a (3,10)?

a.

b.

c. 44

d. 45

e. 80

Question 12 1 pts

(Lesson 3.6: Simulating Random Variables.) If is a Unif(0,1) random number, what is

the distribution of ?

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20/08/2019 Quiz: Week 4 Homework

a. Who knows?

b. Exp(2)

c. Exp(1/2)

d. Exp

e. Exp

Question 13 1 pts

(Lesson 3.6: Simulating Random Variables.) If and are i.i.d. Unif(0,1) random
variables, what is the distribution of ? Hints: (i) I may have mentioned this in
class at some point; (ii) You may be able to reason this out by looking at the distribution
of the sum of two dice tosses; or (iii) You can use something like Excel to simulate
many times and make a histogram of the results.

a. Unif(0,2)

b. Normal

c. Exponential

d. Triangular

Question 14 1 pts

(Lesson 3.7: Spreadsheet Simulation.) I stole this problem from the Banks, Carson,
Nelson and Nicol text (5th edition). Expenses for Joey's college attendance next year are
as follows (in $):

Tuition = 8400
Dormitory = 5400
Meals Unif(900,1350)
Entertainment Unif(600,1200)
Transportation Unif(200,600)
Books Unif(400,800)

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20/08/2019 Quiz: Week 4 Homework

Here are the income streams the student has for next year:
Scholarship = 3000
Parents = 4000
Waiting Tables Unif(3000,5000)
Library Job Unif(2000,3000)

Use Monte Carlo simulation to estimate the expected value of the loan that will be
needed to enable Joey to go to college next year.

a. $2500

b. $3250

c. $3325

d. $3450

e. $4000

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