Question: As part of a simulation process, we would like to generate a random variate from an empirical continuous distribution. The collected data to build the
As part of a simulation process, we would like to generate a random variate from an empirical continuous distribution. The collected data to build the empirical distribution were only four data points: 2.5, 7, 20 and 25 and they represent time in minutes. Use the random number 0.43. Give your answer with two decimals.
As part of a simulation process, we would like to generate a random variate from an empirical continuous distribution. The collected data to build the empirical distribution were only four data points: 2.5. 7. 20 and 25 and they represent time in minutes. Use the random number 0.43. Give your answer with two decimals
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