Use Excels Analysis ToolPak or R, both with a seed of 1, to simulate 25 random observations
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Use Excel’s Analysis ToolPak or R, both with a seed of 1, to simulate 25 random observations based on a binomial distribution with five trials and p = 0.2. What are the mean and standard deviation of the 25 observations?
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Using Excel The mean of the 25 random observations 11200 Standard ...View the full answer
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Related Book For 
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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