Question: You are reviewing a simulation model and find that the analyst who prepared the model used the formula = NORM . INV ( RAND (),100,5)

You are reviewing a simulation model and find that the analyst who prepared the model used the formula =NORM.INV(RAND(),100,5) to generate the waiting time at a restaurant (in seconds). Which of the following assumptions did the analyst make about the waiting time?

The minimum waiting time is 100.
The average (mean) waiting time is 100.
The waiting time is normally distributed.

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