Question: Use @RISK to draw a triangular distribution with parameters 300, 500, and 900. Then answer the following questions. a. What are the mean and standard

Use @RISK to draw a triangular distribution with parameters 300, 500, and 900. Then answer the following questions.
a. What are the mean and standard deviation of this distribution?
b.
What are the 5th and 95th percentiles of this distribution?
c.
What is the probability that a random number from this distribution is less than 450?
d. What is the probability that a random number from this distribution is greater than 650?
e. What is the probability that a random number from this distribution is between 500 and 700?

Step by Step Solution

3.46 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style0 msonumberformatGene... View full answer

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

Document Format (1 attachment)

Excel file Icon

415-M-S-S-M (184).xlsx

300 KBs Excel File

Students Have Also Explored These Related Statistics Questions!