Question: Background In modeling and simulation, one often has a PDF fix} and corresponding CDF F(x) from which one would like to make random draws. Show




Background In modeling and simulation, one often has a PDF fix} and corresponding CDF F(x) from which one would like to make random draws. Show that if one draws uniformly.r y~U[,'l) from Fix), then one has sz'lty) which is a random draw from 11):). The derivation is simple and you can look to the internet for a solution. As an example, consider the exponential density fllecle\". It has a density that for 21:5 looks like F'_D_F_ for Exponential RM". with Mean 5 Densityr fix] v: ISL! It's CDF and an example of a random draw is shown below: C.D.F. for Exponential R. V. with Mean 5 1.Q 0.9 0.8 0.7 Distribution function F(x) 5 10 15 X Instructions Draw 1000 samples form a uniform distribution over [0, 1]. Use these to perform random draws from the exponential distribution above. Plot a histogram of these 1000 draws using the MATLAB "hist.m" function. Also plot the original random draws, e.g., plot(x). Deliverables The specified derivation, plots, code, description of what you found and an explanation for what you saw
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