Use @RISK to draw a triangular distribution with parameters 300, 500, and 900. Then answer the following questions. 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?

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Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659
BuyFind

Practical Management Science

6th Edition
WINSTON + 1 other
Publisher: Cengage,
ISBN: 9781337406659

Solutions

Chapter
Section
Chapter 10.2, Problem 5P
Textbook Problem

Use @RISK to draw a triangular distribution with parameters 300, 500, and 900. Then answer the following questions.

  1. a. What are the mean and standard deviation of this distribution?
  2. b. What are the 5th and 95th percentiles of this distribution?
  3. c. What is the probability that a random number from this distribution is less than 450?
  4. d. What is the probability that a random number from this distribution is greater than 650?
  5. e. What is the probability that a random number from this distribution is between 500 and 700?

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Chapter 10 Solutions

Practical Management Science
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