Use @RISK to draw a triangular distribution with parameters 300, 500, and 900. Then answer the following

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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?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For  book-img-for-question

Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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