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Monte Carlo Integration
To find the area under a curve, one can use integral calculus. If the curve has
no close form, such as the normal curve, then the area can not be derived
analytically. However, with today's computer technology, one can use Monte Carlo
Integration to achieve such task. The area under a distribution is also known as
probability. In this example, we want to compute the area under standard normal
probability distribution from 0 to z.
Finance and Statistics Models Set (Set 1) Start
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