Use Excels Analysis ToolPak or R, both with a seed of 1, to simulate 1,000 random observations

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Use Excel’s Analysis ToolPak or R, both with a seed of 1, to simulate 1,000 random observations of a normally distributed random variable with μ = 9.23 and σ = 0.87. Report the mean and standard deviation of the 1,000 observations. How many of the 1,000 observations have a value less than 8?

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Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

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