Question: Using excel, how would I apply the inverse CDF formulas for simulating Exponential(mean Beta= 2) and Uniform(0,8) random variables in two cells. Would you think
Using excel, how would I apply the inverse CDF formulas for simulating Exponential(mean Beta= 2) and Uniform(0,8) random variables in two cells. Would you think the resulting approximate densities match what that of an exponential and uniform distributions?
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