Referring to Example 16.1, if the average bid for each competitor stays the same, but their bids
Question:
a. Triangular with parameters 1.0, 1.3, and 2.4
b. Triangular with parameters 1.2, 1.3, and 2.2
c. Use @RISK’s Define Distributions window to check that the distributions in parts a and b have the same mean as the original triangular distribution in the example, but smaller standard deviations. What is the common mean? Why is it not the same as the most likely value, 1.3?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Question Posted: