The RAND()function in excel models which of the following probability distributions
A) Normal distribution with mean 0 and standard deviation 1
B) Uniform distribution with lower limit 0 and upper limit 1
C) Normal distribution with mean -1 and standard deviation 1
D) Uniform distribution with lower limit -1 and upper limit 1

Question

The RAND()function in excel models which of the following probability distributions
A) Normal distribution with mean 0 and standard deviation 1 
B) Uniform distribution with lower limit 0 and upper limit 1 
C) Normal distribution with mean -1 and standard deviation 1 
D) Uniform distribution with lower limit -1 and upper limit 1

Quizplus · Accepted Answer

The RAND() function in Excel generates random numbers that follow a uniform distribution with a lower limit of 0 and an upper limit of 1.

The RAND()function in Excel Models Which of the Following Probability