Use @RISK's Define Distributions tool to show a uniform distribution from 400 to 750. Then answer the
Question:
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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Step by Step Answer:
Select cell A1 and then click the Define Distributions ...View the full answer
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Related Book For 
Business Analytics Data Analysis And Decision Making
ISBN: 1209
6th Edition
Authors: S. Christian Albright, Wayne L. Winston
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