Apply the inverse transformation method as indicated next to generate three random observations from the uniform distribution between 10 and 40 by using the following uniform random numbers 0 0965, 0 5692, 0 6658 (a) Apply this method graphically (b) Apply this method algebraically (c) Write the eq...

Apply the inverse transformation method as indicated next to generate three random observations from the uniform distribution

Question:

Apply the inverse transformation method as indicated next to generate three random observations from the uniform between –10 and 40 by using the following uniform random numbers: 0.0965, 0.5692, 0.6658.
(a) Apply this method graphically.
(b) Apply this method algebraically.
(c) Write the equation that Excel would use to generate each such random observation.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...