Decision Modeling Using Excel, Course Notes, Spring

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RANDNORMAL Related Function FASTNORMAL: Same as RANDNORMAL without any error checking of the arguments. NORMINV(RAND(),mean,standard_dev): Excel's inverse of the normal, or NORMINV(RANDUNIFORM(0,1),mean,standard_dev) to use the RiskSim Seed feature. 38 RandPoisson Returns a random value from a Poisson distribution. This function can model the uncertain number of occurrences during a specified time interval, for example, the number of arrivals at a service facility during an hour. The possible values of RANDPOISSON are the non-negative integers, 0, 1, 2, ...

RANDEXPONENTIAL Related Functions FASTEXPONENTIAL: Same as RANDEXPONENTIAL without any error checking of the arguments. −LN(RAND())/lambda: Excel's inverse of the exponential, or −LN(RANDUNIFORM(0,1))/lambda to use the RiskSim Seed feature. RANDPOISSON: Counts number of occurrences for a Poisson process. 36 RandInteger Returns a uniformly distributed random integer between two integers you specify. RANDINTEGER Syntax: RANDINTEGER(bottom,top) Bottom is the smallest integer RANDINTEGER will return.

5) is 2. RANDEXPONENTIAL Related Functions FASTEXPONENTIAL: Same as RANDEXPONENTIAL without any error checking of the arguments. −LN(RAND())/lambda: Excel's inverse of the exponential, or −LN(RANDUNIFORM(0,1))/lambda to use the RiskSim Seed feature. RANDPOISSON: Counts number of occurrences for a Poisson process. 36 RandInteger Returns a uniformly distributed random integer between two integers you specify. RANDINTEGER Syntax: RANDINTEGER(bottom,top) Bottom is the smallest integer RANDINTEGER will return.

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