Monte Carlo Integration Hit and miss method:Algorithm: ( 1) generate N uniform random numbers, (i=1, 2,..., N), on(a,b) and N uniform random numbers, (i=1, 2,..., N), on (0,c); (2) calculate g() and count the number of cases, Nhit for whichg() (3)I can be estimated by
What is a Monte Carlo simulation? Monte Carlo simulation is numerical method based on the extensive use of random numbers for solving different problems. Remark: Monte Carlo simulation can be used tostudy not only stochastic problems (e.g., diffusion) but also non stochastic ones (Monte Carlo