CAS Exam MAS-I Spring 2019, Question 13
Study guide: Exam MAS-I
You use the inversion method to simulate two random numbers X from a Weibull (\theta, \tau) distribution using two independent draws U from a uniform distribution on (0,1). The results of this simulation are shown below:
i |
X_i |
U_i |
|---|---|---|
| 1 | 416.28 | 0.5 |
| 2 | 357.36 | 0.4 |
Calculate the value of \theta used to perform this simulation.
- A) Less than 425
- B) At least 425, but less than 475
- C) At least 475, but less than 525
- D) At least 525, but less than 575
- E) At least 575
Answer this question and see the worked solution
Concepts tested
- Inversion Method
- Weibull Distribution
- Cumulative Distribution Function (CDF)
- Uniform Continuous Distribution