Generate 961 samples of size 625 random numbers from Beta distribution with shape parameters

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Review SAS rand functions and do loops

1. Generate 961 samples of size 625 random numbers from Beta distribution with shape parameters  = 0.5,  = 0.5. For each of these 961 samples calculate the mean.

a) Find the simulated probability that the mean is between 0.49 and 0.51.

b) Find the mean of the means.

c) Find the standard deviation of the means.

d) Draw the histogram of the means.

2. Generate 961 samples of size 625 random numbers from a Pareto distribution with shape parameter  = 5. For each of these 961 samples calculate the mean.

a) Find the simulated probability that the mean is between 1.25 and 1.26.

b) Find the simulated mean of the means.

c) Find the simulated standard deviation of the means.

d) Draw the histogram of the means.

Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme