
Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501
Introduction to Econometrics 3rd Edition by James Stock, James Stock
Edition 3ISBN: 978-9352863501 Exercise 28
Y is distributed N (5,100) and you want to calculate Pr( Y 3.6). Unfortunately, you do not have your textbook and do not have access to a normal probability table like Appendix Table 1. However, you do have your computer and a computer program that can generate i.i.d. draws from the N (5,100) distribution. Explain how you can use your computer to compute an accui'ate approximation for Pr( Y 3.6).
Explanation
We are told that has the normal distrib...
Introduction to Econometrics 3rd Edition by James Stock, James Stock
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