Question: Using the midsquare method with a seed of 2941, generate 30 uniform variates. Use these to compute the material costs X assuming X ~ N(

Using the midsquare method with a seed of 2941, generate 30 uniform variates. Use these to compute the material costs X assuming X ~ N(μ = 150, σ = 20). Using the midsquare method with a seed of 7676, generate 30 uniform variates and use them to compute the labor costs (Y) assuming Y ~ N(μ =

225, σ = 25). Generate the 30 total cost (C) values assuming that C = 2.5X + 1.7Y. Compute the mean and standard deviation of C and plot histograms of X, Y, and C. Discuss the results.

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