From successive sums of 12 uniform random variables (i.e., use the BASIC system RND() function) use the Central Limit Theorem and BASIC to generate a long sequence (1000) of Normal random variables with zero mean and unity variance. Calculate the mean and variance for N=10,000 observations.

Question

From successive sums of 12 uniform random variables (i.e., use the BASIC system RND() function) use the Central Limit Theorem and BASIC to generate a long sequence (>1000) of Normal random variables with zero mean and unity variance. Calculate the mean and variance for N=10,000 observations.

anonymous · Answer

z = RND() + RND() + RND() + RND() + RND() + RND() + RND() + RND() + RND() + RND() + RND() + RND() -6

anonymous · Answer

then create 1000 of these. Add them all up and divide by 1000 to get the mean, right?

anonymous · Answer

why does it say 10,000 observations????