Excel uses the function RAND() to return a random and uniformly distributed number between 0 and 1, every time the worksheet is calculated. If you are analyzing how fluctuations in sales will ...

Topics Book chapters Weeks; Random outcomes and the rules of probability Conditional probability and independence : 1,2: 1-3: Random variables: 3: 4: Approximations of the binomial distribution ...

Random Variable: A measurable function that maps outcomes in a probability space to real numbers, thereby enabling quantitative analysis of random events. Distribution Function: A function F(x ...

Description: Engineering applications of probability theory. Problems on events, independence, random variables, distribution and density functions, expectations, and ...

Random outcomes and the rules of probability Conditional probability and independence : 1,2: 1-3: Random variables: 3: 4: Approximations of the binomial distribution: 4: 5-6: Transformations of random ...