To use Excel INV functions, such as XXXX.INV(probability,....) to generate random variates, replace probability by: the...

To use Excel INV functions, such as XXXX.INV(probability,....) to generate random variates, replace probability by:

		the mean of the distribution
		0.05, the level of significance
		the uniform distribution formula
		RAND()

Expert Solution

Option-D) RAND(). Because RAND() will give a value between 0 and 1 (both inclusive) same as range of the probability.

milcah answered 6 months ago

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