Which of the following parameters is required to convert a ...

[tfester]

Which of the following parameters is required to convert a computer-generated random variable into a uniform random variable?
 a. Range of the distribution b. Mean of the distribution
  c. Variance of the distribution d. Moments of the distribution

Question 2

The __________ function is used to generate a pseudorandom number in Excel.
 a. FREQUENCY()
  b. RAND()
  c. NORM.INV()
  d. ROUND()

[lin77x]

Answer to Question 1

a
RATIONALE: To generate a value for a random variable characterized by a continuous uniform distribution, the following Excel formula is used: Value of uniform random variable = lower bound + (upper bound  lower bound)  RAND().

Answer to Question 2

b
RATIONALE: The RAND() function is used to generate a pseudorandom number in Excel.

[tfester]

Thanks for the timely response, appreciate it

[vickybb89]

TYSM