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Statistics Simulation

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Let (t) = 1- (1/t^q)
a) Simulate 10000random variables X, Y, Z with cumulative distribution F(t); do this 3 times using q=1,2,3 (so 3 columns of 10000 numbers each). Plot the scattered plot for each.
b) Compute the : theoretical" values of: E(X), E(Y), E(Z) and Var(X), Var(Y), Var(z).
Use Excel Data analysis and charts for the solution

Please show all work in detail.
This problem may require one to use uniform distribution of random numbers and the inverse of the function shown.

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Solution Summary

Statistics simulations are examined. The theoretical values are computed.

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