Develop a procedure to sample from the probability distribution of soft drink choices in . Implement your

Question:

Develop a procedure to sample from the probability distribution of soft drink choices in . Implement your procedure on a spreadsheet and use the VLOOKUP function to sample 10 outcomes from the distribution.

Lauren drinks a variety of soft drinks. Over the past month, she has had 15 diet colas, 4 cans of lemonade, and 6 cans of root beer in no particular order or pattern.
a. Given this history, what is the probability that her next drink will be a diet cola? Lemonade? Root beer?
b. What definition of probability did you use to answer this question?

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...