Question: please do fast!! i will rate you good for sure!! Monte Carlo simulations can be used to estimate distributions and statistical properties ofpop- ulation parameters.

please do fast!! i will rate you good for sure!!

please do fast!! i will rate you good for sure!! Monte Carlo

Monte Carlo simulations can be used to estimate distributions and statistical properties ofpop- ulation parameters. Write a function in R that give the PDF and CDF of the 95% percentile of an exponential distributed random variable with rate A = 0.5. The function must contain the following: 1. The function must take in arguments for the number of Monte Carlo simulations (M C) and the sample size (n) of the variable. 2. For each M C iteration, draw random values of size n from an exponential distribution. 3. Calculate the 95% percentile. 4. Repeat the process M C times, and store the values in a vector. 5. Plot the histogram of the 95% percentile values. 6. Plot the empirical CDF of the 95% percentile values

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