Monte Carlo Exercise
Statistical Software
Monte Carlo Exercise
Consider aBaseballWorld Series (best of 7 game series) in which team A theoreticallyhas a 0.75 chance of winning each game against team B.Games are considered independent.Simulate the probability that team Awould win a World Series against team B by simulating 1000 World Series.Youmany use anysoftware to conduct the simulation. This is easily derived from a binomial or negative binomial distribution, but I would like you to simulate it on a game x game basis. You may recognize that winning 4 in 4, 5, 6, or 7 games is equivalent to winning at least 4 in 7 games.
