You wish to simulate a value, Y, from a two point mixture. With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values correspond to the exponential distribution. Then you simulate the value of Y , where low random numbers correspond to low values of Y. Your uniform random numbers from [0, 1] are 0.25 and 0.69 in that order. Calculate the simulated value of Y.
You wish to simulate a value, Y, from a two point mixture. With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values correspond to the exponential distribution. Then you simulate the value of Y , where low random numbers correspond to low values of Y. Your uniform random numbers from [0, 1] are 0.25 and 0.69 in that order. Calculate the simulated value of Y.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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