# hw3 - Economics 506 Homework 3 Due Friday October 7 2011(at...

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Economics 506 Homework 3 Due Friday October 7 2011 (at the beginning of the review session) A. Make an Excel spreadsheet. A1 Name A2 UIN A3 Homework 3 Use your university identification number digits equal to abc–de-fghk. If any digit is zero, use the next non-zero value. If you run out of values, start over from the beginning of the UIN. Use Excel to find probability values from the following distributions. In addition state the mean, variance and standard deviation of each distribution that you use. Find Probability Gamma (alpha = a, beta = b) of y < (a*b) + c Find Probability Beta (alpha = d, beta = e) of y< 0.1 and of y < 0.1*f Find Probability Normal (mean = g*10, var = h*10) of y < (10*g) + k Use the function wizard with the commands gammadist , betadist , and normdist . Note that cumulative means the lower tail in Excel. Example answer: Ali Toossi UIN = 443-34- 8339 Homework 3 Probability Mean Variance Std dev. Prob Gamma(y < 19 | 4, 4) =

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## This note was uploaded on 01/27/2012 for the course ECON 506 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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hw3 - Economics 506 Homework 3 Due Friday October 7 2011(at...

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