Most computer languages have a function that can be used to generate random numbers. In Microsofts Excel,

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Most computer languages have a function that can be used to generate random numbers. In Microsoft’s Excel, the RAND function can be used to generate random numbers between 0 and 1. If we let x denote the random number generated, then x is a continuous random variable with the probability density function:

for 0 sxs 1 elsewhere f(x)

a. Graph the probability density function.

b. What is the probability of generating a random number between 0.25 and 0.75?

c. What is the probability of generating a random number with a value less than or equal to 0.30?

d. What is the probability of generating a random number with a value greater than 0.60?

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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