Question

In: Operations Management

7) Use Excel to generate a series of 100 random values from the exponential distribution with...

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

Solutions

Expert Solution

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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32.73995611
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15.96415152
53.36770277
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1.484287902
30.44099364
12.26825001
111.5515469
29.33476013
11.6831418
62.146464
6.163546019
52.71399343
7.459753306
1.616480205
6.247527602
12.47402989
7.201947057
1.395905682
16.53314093
2.188530493
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14.20270971
3.684787587
25.64750049
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61.28367883
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27.46431819
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55.66797189
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