Severity: Warning
Message: fopen(/home/answnniz/solutionspile.com/system/sessions/ci_session98398b7507a1b7944e8df9736e796bf16815f2a1): failed to open stream: Disk quota exceeded
Filename: drivers/Session_files_driver.php
Line Number: 176
Backtrace:
File: /home/answnniz/solutionspile.com/index.php
Line: 367
Function: require_once
Severity: Warning
Message: session_start(): Failed to read session data: user (path: /home/answnniz/solutionspile.com/system/sessions)
Filename: Session/Session.php
Line Number: 143
Backtrace:
File: /home/answnniz/solutionspile.com/index.php
Line: 367
Function: require_once
Monte Carlo simulation has its origin in physics. However, it has been used in a varietyof fields. Explain why Monte Carlo simulation is widely used in finance. Give one exampleof an application of Monte Carlo simulation in the field of finance. [6 marks]