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Unformatted text preview: , 1]. (b) Calculate the variance of the uniform distribution on [0 , 1]. (c) The function RAND in excel draws one observation from the uniform distribution on [0 , 1]. Create 500 observations from the uniform distribution in this way. (Note: You dont have to type RAND 500 times. Just do it once, then choose the cell with the entry and move the mouse to the bottom right corner. The cursor should change to a thinner cross. Click and drag down 500 cells. This should copy down the RAND function to all the cells below). Find the average for the rst 10 observations, for the rst 100 and for the rst 500. (d) Find the variance for the rst 10 observations, the rst 100 and the rst 500. (e) How do your answers in (c) and (d) compare to your answers in (a) and (b)? Why? 4. 420 (page 133) and 422 (page 134) 1...
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This note was uploaded on 12/05/2010 for the course ECON 120A taught by Professor M.abajian during the Spring '10 term at San Diego.
 Spring '10
 M.Abajian
 Econometrics

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