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CS1 Demo Lecture – Chapter 1 | Part 10 | Preparation for Chapter 1 Assignment & Simulation Technique
Автор: The Actuarial Academy
Загружено: 2025-10-21
Просмотров: 10
Описание:
In this video, we cover key concepts to keep in mind before attempting Chapter 1 assignments and introduce important simulation methods used in probability and statistics.
✅ What’s Covered in this Part:
🔹 Preparation for Chapter 1 Assignment
Discussed important points and strategies to solve problems effectively
🔹 Monte Carlo Simulation
Explained the meaning and purpose of Monte Carlo simulation
Demonstrated how it is used in probability and real-life scenarios
🔹 Inverse Transformation Method
Step-by-step explanation of the process
Solved examples to show practical application
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