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Suppose you want to generate n = 500 observations (seed = 101) from the regression model y = alpha + beta*x + e, where the
Suppose you want to generate n = 500 observations (seed = 101) from the regression model y = alpha + beta*x + e, where the x variable has a uniform distribution on (0,1), alpha = 1, beta = -.5 and e is normal with mean zero and variance 0.1. Write your code to accomplish this.
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