(Y) is distributed (N(5,100)), and you want to calculate (operatorname{Pr}(Y <3.6)). Unfortunately, you do not have your...

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\(Y\) is distributed \(N(5,100)\), and you want to calculate \(\operatorname{Pr}(Y<3.6)\). Unfortunately, you do not have your textbook, and do not have access to a normal probability table like Appendix Table 1. However, you do have your computer and a computer program that can generate i.i.d. draws from the \(N(5,100)\) distribution. Explain how you can use your computer to compute an accurate approximation for \(\operatorname{Pr}(Y<3.6)\).

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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