Use Excel’s functions (not @RISK) to generate 1000 random numbers from a normal distribution with mean 100 and standard deviation 10. Then freeze these random numbers.
a. Calculate the mean and standard deviation of these random numbers. Are they approximately what you would expect?
b. What fraction of these random numbers are within k standard deviations of the mean? Answer for k = 1; for k = 2; for k = 3. Are the answers close to what they should be?
c. Create a histogram of the random numbers using 10 to 15 categories of your choice. Does this histogram have approximately the shape you would expect?

  • CreatedApril 01, 2015
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