Resimulation

One method of simulating random variables is to generate uniform 0 to 1 variables, then use them in the inverse of the cumulative distribution function of the random variable you want to simulate. For example, if you had U1, a uniform 0 to 1 variable, and you wanted to use it to simulate S1, the flip of a fair coin, you could use this function: If 00.5 , then Sl=tails If 0.5