Problem

Give algorithms for generating random variates with the following densities:(a) Cauchy(b)...

Give algorithms for generating random variates with the following densities:

(a) Cauchy


(b) Gumbel (or extreme value)


(c) Logistic


(d) Pareto

For γ = 0 and β = 1 in each of (a), (b), and (c), use your algorithms to generate IID random variates X1, X2, …, X5000 and write out  to verify empirically the strong law of large numbers (Sec. 4.6), i.e., that  converges to E(Xi) (if it exists); do the same for (d) with c = 1 and α2 = 2.

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Solutions For Problems in Chapter 8