A normal distributionhas a meanof 500 and a standard deviationof 50. A manager wants to simulate 2 values from this distribution, and has drawn these random numbers: -0.6 and 1.4. What are the 2 values respectively?
Although it’s not specified in your question, the two numbers you mention (-0.6 and 1.4) were surely drawn from a standard normal distribution. A standard normal distribution is a normal distribution with a mean of 0 and a standard deviation of 1.
So how do we use this numbers in order to draw values from the normal distribution with mean 500 and std dev 50) (which …
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