Modify the simulation code for a bivariate standard normal distribution to simulate a bivariate normal distribution with

Question:

Modify the simulation code for a bivariate standard normal distribution to simulate a bivariate normal distribution with parameters μ_X = 20, σ²_X = 100, μ_Y = −14, σ²_Y = 4, and ρ = −0.8 using the Gibbs sampler.

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...

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