Obtaining uniform random numbers as instructed at the beginning of the Problems section, generate three random observations (approximately) from a normal distribution with mean 5 and standard deviation 10 (a) Do this by applying the central limit theorem, using three uniform random numbers to gener...

Obtaining uniform random numbers as instructed at the beginning of the Problems section, generate three random observations

Question:

Obtaining uniform random numbers as instructed at the beginning of the Problems section, generate three random observations (approximately) from a normal with mean = 5 and standard deviation = 10.
(a) Do this by applying the central limit theorem, using three uniform random numbers to generate each random observation.
(b) Now do this by using the table for the normal given in Appendix 5 and applying the inverse transformation method.
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...