Use Excel’s Analysis ToolPak, with a seed of 1, to generate 500 random observations based on the following frequency distribution. Outcomes Frequency 1 125 2 289 3 101 Report the mean and standard deviation of the 500 observations. Note: Round your answers to 4 decimal places. How many of the 500 observations have a value less than 3? Based on the 500 observations, what is the probability that the outcome has a value greater than 1? Note: Report the probability in percentage with two decimal places.
Use Excel’s Analysis ToolPak, with a seed of 1, to generate 500 random observations based on the following frequency distribution. Outcomes Frequency 1 125 2 289 3 101 Report the mean and standard deviation of the 500 observations. Note: Round your answers to 4 decimal places. How many of the 500 observations have a value less than 3? Based on the 500 observations, what is the probability that the outcome has a value greater than 1? Note: Report the probability in percentage with two decimal places.
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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Question
Use Excel’s Analysis ToolPak, with a seed of 1, to generate 500 random observations based on the following frequency distribution.
| Outcomes | Frequency |
|---|---|
| 1 | 125 |
| 2 | 289 |
| 3 | 101 |
-
Report the mean and standard deviation of the 500 observations.
Note: Round your answers to 4 decimal places.
-
How many of the 500 observations have a value less than 3?
-
Based on the 500 observations, what is the
probability that the outcome has a value greater than 1?Note: Report the probability in percentage with two decimal places.
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