Hey guys, just need a little help with the 3rd stat272 assignment help. Its on the questions regarding the 'generate random numbers...' questions.
For Q1 i) I said something like get the uniform random number (e.g. 7) and divide it by 10 (giving 0.7) and then find the corresponding Z value from the standard normal table (0.7 gives a Z of roughly 0.53). This is a normal random number so take the exp{} of it to give a lognormal random number. Any of this right???
As for Q2 (h) and (i) i have no idea so if anybody could help it'd be greatly appreciated.
Thanks!
For Q1 i) I said something like get the uniform random number (e.g. 7) and divide it by 10 (giving 0.7) and then find the corresponding Z value from the standard normal table (0.7 gives a Z of roughly 0.53). This is a normal random number so take the exp{} of it to give a lognormal random number. Any of this right???
As for Q2 (h) and (i) i have no idea so if anybody could help it'd be greatly appreciated.
Thanks!