vVe continue 8.6.2 'vhere the vector X of finish times has
Chapter 8, Problem 8.54(choose chapter or problem)
vVe continue 8.6.2 'vhere the vector X of finish times has correlated components. Let W denote the finish time of the winning boat. \i\fe wish to estimate P [W < 25), the probability that the winning boat finishes in under 25 minutes. To do this, simulate m = 10,000 races by generating m, samples of the vector X of finish times. Let }j = 1 if the winning time in race i is under 25 minutes; other,vise, }j = 0. Calculate the estimate
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