Expand the MMs Template.xlsm file so that the steady-state probability distribution of the number in the system
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Expand the MMs Template.xlsm file so that the steady-state probability distribution of the number in the system is shown in tabular form and graphically. That is, enter values 0, 1, and so on (up to some upper limit you can choose) in the range from cell E12 down and copy the formula in cell F12 down accordingly. Then create a column chart using the data in columns E and F.
DistributionThe 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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