Financial Mathematics
The trapezoidal rule is a numerical integration technique used to approximate the definite integral of a function. It works by dividing the area under the curve into trapezoids rather than rectangles, providing a more accurate estimate of the total area compared to methods like the midpoint rule. This method is particularly useful for functions that are difficult or impossible to integrate analytically, allowing for numerical estimates with manageable computational effort.
congrats on reading the definition of trapezoidal rule. now let's actually learn it.