6. In Excel make a histogram of X; = — ln(U₁), for i = 1,2,..., 10000, where the U;'s are independent Unif(0,1) RV's. Also answer questions below. (a) Compute the estimate of the mean and its 95% confidence interval. Explain in words the meaning of the confidence interval. (b) What kind of distribution does it look like?

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Q: Step 3: Find the p-value of the point estimate. P(r sv -6432 P(E Sv svV -2.78601 =-.6432

A: We have to find P(t < -2.78601) in the last part.

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A: Solution: Given information: n= 62 observation  α=0.05 Level of significance

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Q: Suppose f(x) = 0.50 for 0 < x < 2. Determine the mean and variance of X. Mean = i (Round the answer…

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