Approximate $\int _ { 0 } ^ { 1 } x ^ { 3 }$

question 37

Short Answer

Approximate $\int _ { 0 } ^ { 1 } x ^ { 3 }$ dx; n = 4, by (a) Simpson's rule and (b) the trapezoidal rule.
Enter your answers in that order as just unlabeled real numbers rounded to two decimal places, separated by a comma.

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Definitions:

Inflation Rates

The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, usually measured over a specific period of time.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a period of time, indicating the rate at which purchasing power is falling.

Money Demand

The desired holding of financial assets in the form of money; that is, cash or bank deposits.

Price Level

Price level is the average of current prices across the entire spectrum of goods and services produced in the economy, indicating inflation or deflation.