Problem Set 2

The command rand in excel generates a number uniformly

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Unformatted text preview: al experiment similar to the coin experiment studied in our second class. The command =RAND( ) in Excel generates a number uniformly distributed between 0 and 1. Generate a sequence of 500 random numbers using the command =RAND( ). a) What is the mean of your first 2 numbers? b) What is the mean of the first 10 numbers? c) What is the mean of the first 250 numbers? d) What is the mean of the full sequence? e) Should we expect the...
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