In this simulation, 66 of the 100 needles crossed a line (you can count ’em). Using this number, we get a value of pi at 3.0303—which is not 3.14—but it's not terrible for just 100 needles. With ...

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Weighted Average Loan Age (WALA) defines the average age of loans in a pool of mortgage-backed securities, weighted by the remaining principal balance or nominal value.

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