Apply the inverse transformation method as indicated below, Basic Statistics

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Apply the inverse transformation method as indicated below

Apply the inverse transformation method as indicated below to generate three random observations from the uniform distribution between -10 and 40 by using the following uniform random numbers: 0.0965, 0.5692, 0.6658.

(a) Apply this method graphically.

(b) Apply this method algebraically. (c) Write the equation that Excel would use to generate each such random observation.

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Basic Statistics: Apply the inverse transformation method as indicated below

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Basic Statistics: Apply the inverse transformation method as indicated below

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