Let X and Y be independent random variables with X having the t distribution with five degrees
Question:
a. Simulate 1000 pairs of (Xi, Yi) each with the above joint distribution and estimate E(|X − Y |).
b. Use your 1000 simulated pairs to estimate the variance of |X − Y| also.
c. Based on your estimated variance, how many simulations would you need to be 99 percent confident that your estimator of E(|X − Y|) is within 0.01 of the actual mean?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
Question Posted: