2.16 Y is distributed N(5, 100) and you want to calculate Pr(Y 6 3.6). Unfortunately, you do...

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2.16 Y is distributed N(5, 100) and you want to calculate Pr(Y 6 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 accurate approximation for Pr(Y 6 3.6).

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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