Use Excels Analysis ToolPak or R, both with a seed of 1, to simulate 1,000 random observations
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Use Excel’s Analysis ToolPak or R, both with a seed of 1, to simulate 1,000 random observations of a normally distributed random variable with μ = 9.23 and σ = 0.87. Report the mean and standard deviation of the 1,000 observations. How many of the 1,000 observations have a value less than 8?
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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