In: Operations Management
7) Use Excel to generate a series of 100 random values from the exponential distribution with a mean of 25? USING EXCEL SHOW ALL WORK
The cumulative distribution function (CDF) of an exponential distribution is:
F(x; lambda) = 1 - exp(-lambda * x)
G(x) = - 1/lambda * logn(1- x) here (1/ lambda = mean)
F(x)=-25*LN(RAND())
Natural logarithm of any set of numbers is a normal distribution to convert a normal distribution into an exponential distribution the set of numbers should be multiplied by negative of the required mean
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