You wish to simulate a value, Y, from a two point mixture. With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values correspond to the exponential distribution. Then you simulate the value of Y, where low random numbers correspond to low values of Y. Your uniform random numbers from [0, 1] are 0.25 and 0.69 in that order. Calculate the simulated value of Y.
You wish to simulate a value, Y, from a two point mixture. With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values correspond to the exponential distribution. Then you simulate the value of Y, where low random numbers correspond to low values of Y. Your uniform random numbers from [0, 1] are 0.25 and 0.69 in that order. Calculate the simulated value of Y.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
![Calculate the simulated claim amount.
(A)
(B)
10
(C)
(D)
(E)
40
You wish to simulate a value, Y, from a two point mixture.
With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y
is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values
correspond to the exponential distribution. Then you simulate the value of Y, where low
random numbers correspond to low values of Y. Your uniform random numbers from [0, 1]
are 0.25 and 0.69 in that order.
Calculate the simulated value of Y .
20
30](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f4569c8-a2f3-4fca-9ccb-ad469c6f5089%2F4535e826-af26-42c7-bd00-2d1f76b0d04c%2Fmtxfs1k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate the simulated claim amount.
(A)
(B)
10
(C)
(D)
(E)
40
You wish to simulate a value, Y, from a two point mixture.
With probability 0.3, Y is exponentially distributed with mean 0.5. With probability 0.7, Y
is uniformly distributed on [-3, 3]. You simulate the mixing variable where low values
correspond to the exponential distribution. Then you simulate the value of Y, where low
random numbers correspond to low values of Y. Your uniform random numbers from [0, 1]
are 0.25 and 0.69 in that order.
Calculate the simulated value of Y .
20
30
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