Question: A commonly used continuous random variable is the uniform random variable. A uniform random variablewritten as U(a, b)is equally likely to assume any value between

A commonly used continuous random variable is the uniform random variable. A uniform random variable—written as U(a, b)—is equally likely to assume any value between two given numbers a and b. Explain why the formula =a+(b–a)*RAND() can be used to simulate U(a, b). With Office 365, how would you use the RANDARRAY function to simulate a U(a,b) random variable?

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The formula abaRAND can be used to simulate Ua b because it generates a rando... View full answer

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