Extra Credit 3

Instructions for extra credit four.

Create a video essay on Monte Carlo Methods. Provide a brief history and their purpose. Lastly, provide a toy example demonstrating the use of Monte Carlo Methods in R or Python. The video essay should be 10 minutes being narrated by your own voice. Use visual aids, such as a powerpoint presentation, to highlight your main findings.

Worth 3 percent points.

Resources

• https://towardsdatascience.com/an-overview-of-monte-carlo-methods-675384eb1694

• https://towardsdatascience.com/monte-carlo-simulation-a-practical-guide-85da45597f0e

Video Essay Guidelines:

• 10 Minutes Long

• Use of visual aids

• Narrated by your own voice

• Due 12/5/2025

Worth 3 final grade percentage points.