Question
Use @RISK's Define Distributions tool to show a uniform distribution from 350 to 750. Then answer the following questions. a. What are the mean and
Use @RISK's Define Distributions tool to show a uniform distribution from 350 to 750. Then answer the following questions.
a. What are the mean and standard deviation of this distribution? Round your answers to one decimal place, if necessary.
MeanStandard deviationb. What are the 5th and 95th percentiles of this distribution? Round your answers to one decimal place, if necessary.
5th percentile95th percentilec. What is the probability that a random number from this distribution is less than 450? Round your answer to three decimal places, if necessary.
d. What is the probability that a random number from this distribution is greater than 650? Round your answer to three decimal places, if necessary.
e. What is the probability that a random number from this distribution is between 500 and 700? Round your answer to three decimal places, if necessary.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
