Question: What is the right formula for converting the demand in B1 to a random variable following a normal distribution with the mean of 20 and

What is the right formula for converting the demand in B1 to a random variable following a normal distribution with the mean of 20 and the standard deviation of 5 ? =NORM.DIST (B2,20,5) = NORM.INV(B2, B3, B4) =NORM.INV(B2, 20, 5) = ROUND(NORM.DIST(B2, B3, B4), 0)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

5. Stock Index Futures Arbitrage On February 26, 1986, Jim Lucey, a program trader at a New York Stock Exchange member firm, studied the pricing of futures contracts written on the Major Market Index...

What is the right formula for converting the demand in B1 to a random variable following a normal distribution with the mean of 20 and the standard deviation of 5? 1 Demand A 2 Random number 3 Mean B...

For this assignment, you are going to use a MS Excel spreadsheet to simulate a series of sequential processes in an industrial setting. The structure is similar to the one developed during our...

*** Excel sheet required only for 3 parts using the following data. Urgently *** For this assignment, you are going to use a MS Excel spreadsheet to simulate a series of sequential processes in an...

2. 3. 4. 5. 6. 7. The Bem Sex Role Inventory (BSRI) provides independent assessments of masculinity and femininity in terms of the respondent's self-reported possession of socially desirable,...

use a MS Excel spreadsheet to simulate a series of sequential processes in an industrial setting. The structure is similar to the one developed during our tutorials, where we simulated the...

2. Which of the following time-series forecasting methods would not be used to forecast a time series that exhibits a linear trend with no seasonal or cyclical patterns? (Points : 1) a. Dummy...

1. Please answer the follwing questions using Python 3. Also, please use the format below and share your code and show alll outputs. 2. If there are any questions please answer them. Please use the...

This Question: 1 pt 3 of 13 (0 complete) This Test: 13 pts possible Question Help According to a daily newspaper, the probability is about 0.64 that the favorite in a horse race will finish in the...

3. An application of the sampling distribution of the sample mean People suffering from hypertension, heart disease, or kidney problems may need to limit their intakes of sodium. The public health...

Ch. 12 HW Using the spreadsheet above, write the Excel equation that is simulating demand in cell C12. The equation must reference cell locations and it may, or may not, need dollar signs. Using the...

Choose an ICS industry and write a paper talking about the industry and its SCADA structure.

A truck with a cost of $80,000 has an estimated residual value of $15,000, has an estimated useful life of eight years, and is depreciated by the straight-line method. (a) Determine the amount of the...

In a service tunnel, Both of the alternatives are correct. Neither of the alternatives is correct. Gas services is separated from high voltage electrical cabling to reduce the risk of electrocution....

What is an example of constructive feedback? provide reference