Montecarlo experiment

        Your work can be in any form of your choice, including typed, handwritten, digital writing, etc.. But it is your responsibility to ensure that your submission can be opened by MS software, pdf, and picture viewer. There are two empirical questions in the assignment: one Montecarlo experiment, and one beta estimation. You need to submit your spreadsheet results and cleaned-up data. You can choose to submit one file with different tabs for different questions or two files for the two questions, but you need to clearly indicate which file/tab(s) is for which question. If you choose to complete these two questions using other programming languages, you must submit your final results required by the question and your code file. You are allowed to use calculators and excel simply for calculation purposes. But you have to provide the formula that you used to derive the solution to receive full credit. A number without any explanation is not sufficient. Explain your work wherever necessary.