To generate values of a random variable that has the probability density function
(1/4 if -1<x<1, f(x)=1/6 if 1<x<4, 0 otherwise.
(a) Describe clearly and specifically how to apply the inverse transformation method. Derive all involved equations.
(b) Generate two values based on (a). (Note: Use RAND() in Excel for random numbers and make sure that you write them down in your solution.)