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Author Question: Which of the following parameters is required to convert a computer-generated random variable into a ... (Read 65 times)

tfester

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on: Jun 24, 2018
Which of the following parameters is required to convert a computer-generated random variable into a uniform random variable?
 a. Range of the distribution b. Mean of the distribution
  c. Variance of the distribution d. Moments of the distribution

Question 2

The __________ function is used to generate a pseudorandom number in Excel.
 a. FREQUENCY()
  b. RAND()
  c. NORM.INV()
  d. ROUND()


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lin77x

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a
RATIONALE: To generate a value for a random variable characterized by a continuous uniform distribution, the following Excel formula is used: Value of uniform random variable = lower bound + (upper bound  lower bound)  RAND().

Answer to Question 2

b
RATIONALE: The RAND() function is used to generate a pseudorandom number in Excel.


tfester

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

6ana001

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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