Generate three random observations

Reference no: EM131104459

Obtaining uniform random numbers as instructed at the beginning of the Problems section, generate three random observations (approximately) from a normal distribution with main = 0 and standard deviation = 1.

(a) Do this by applying the central limit theorem, using three uniform random numbers to generate each random observation.

(b) Now do this by using the table for the normal distribution given in Appendix 5 and applying the inverse transformation method.

Reference no: EM131104459

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