question archive Suppose you have programmed a computer to do the following: i
Suppose you have programmed a computer to do the following: i
Subject:EconomicsPrice: Bought3
Suppose you have programmed a computer to do the following: i. Draw randomly 100 values from a standard normal distribution. ii. Multiply each of these values by 5 and add 1. iii. Average the resulting 100 values. iv. Call the average A1 and save it. v. Repeat the procedure above to produce 2000 averages A, through A2000- vi. Order the 2000 values from the smallest to the largest. a. What is your best guess of the 1900-th ordered value? Explain your logic. b. How many of these values should be negative? Explain your logic.
