Essay
Suppose that random observations are needed from the triangular distribution whose probability density function is (a)Derive an expression for each random observation as a function of the uniform random number r.(b)Generate five random observations for this distribution by using the following uniform random numbers: 0.0956,0.5629,0.6695,0.7634,0.8426.(c)The inverse transformation method was applied to generate the following three random observations from this distribution: 0.09,0.64,0.49.Identify the three uniform random numbers that were used.d)Write an equation that Excel can use to generate each random observation from this distribution.
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