Distribution with probability density function
Suppose that the we have the following data which comes from a distribution with probability density function
f(x,θ) = θx^(θ-1) 0 < x < 1
Show how you could generate observations from this distribution if is known.
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In the casino dice game of craps, the shooter rolls two (fair) dice. The shooter a) wins on the first roll if the sum of the dice is 7 or 11 and b) loses on the first roll if the dice total 2, 3, or 12. Calculate the probability of winning on the
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