An exponential random variable with a mean of 1 is being simulated using the inverse transformation method. Uniform numbers on (0,1) are available, but they are only available as 1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7, 0.8 or 0.9 (0 and 1 are not available). So the uniform values available are really uniform on those nine one-digit decimal numbers.

Find the expected value 0f the simulated X.

a.0.72

b.0.80

c.0.60

d.0.66

e.0.88

Answer rating: 100% (QA)

Let X Exponential 1 The CDF of X is Fa PX a expxd 1 ... View the full answer