In Example 16 2, the gamma distribution was used to model the skewness to the right of the lifetime distribution Experiment to see whether the triangular distribution could have been used instead Let its minimum value be 0, and choose its most likely and maximum values so that this triangular distr...

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In Example 16.2, the gamma distribution was used to model the skewness to the right of the

Question:

In Example 16.2, the gamma was used to model the skewness to the right of the lifetime Experiment to see whether the triangular could have been used instead. Let its minimum value be 0, and choose its most likely and maximum values so that this triangular has approximately the same mean and standard deviation as the gamma in the example. Then run the simulation and comment on similarities or differences between your outputs and the outputs in the example.

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...