12. To further refine the assumptions of the Olympic bid proposal discussed in Example 12.8, based on additional research, analysts created the follow- ing distribution for TV broadcast revenues, which were assumed to be uniform over various intervals, each with a discrete probability (all in millions of dollars): I a b Probability $735 $887 0.1 $887 $930 0.15 $930 $1040 0.25 $1040 $1087 0.25 $1087 $1170 0.15 $1170 $1300 0.1 Develop a spreadsheet to generate ten random variates from this distribution. (Hint: Use Excel lookup functions to choose the distribution param- eters based on the probabilities and then apply the uniform random variate formula.)
12. To further refine the assumptions of the Olympic bid proposal discussed in Example 12.8, based on additional research, analysts created the follow- ing distribution for TV broadcast revenues, which were assumed to be uniform over various intervals, each with a discrete probability (all in millions of dollars): I a b Probability $735 $887 0.1 $887 $930 0.15 $930 $1040 0.25 $1040 $1087 0.25 $1087 $1170 0.15 $1170 $1300 0.1 Develop a spreadsheet to generate ten random variates from this distribution. (Hint: Use Excel lookup functions to choose the distribution param- eters based on the probabilities and then apply the uniform random variate formula.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:12. To further refine the assumptions of the Olympic
bid proposal discussed in Example 12.8, based on
additional research, analysts created the follow-
ing distribution for TV broadcast revenues, which
were assumed to be uniform over various intervals,
each with a discrete probability (all in millions of
dollars):
I
a
b
Probability
$735
$887
0.1
$887
$930
0.15
$930
$1040
0.25
$1040
$1087
0.25
$1087
$1170
0.15
$1170
$1300
0.1
Develop a spreadsheet to generate ten random
variates from this distribution. (Hint: Use Excel
lookup functions to choose the distribution param-
eters based on the probabilities and then apply the
uniform random variate formula.)
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