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JOHN
LOUCKS
St. Edward’s
University
f (x ) Normal
x
x
f (x) Exponential
Uniform
f (x)
f (x ) Normal
x
x x11 xx1122 x22
x11 x22
x
x11 x22
ff ((xx)) == 1/(
1/(bb –– aa)) for
for aa << xx << bb
== 00 elsewhere
elsewhere
Expected Value of x
E(
E(xx)) == ((aa ++ bb)/2
)/2
Variance of x
Var(
Var(xx)) == ((bb -- aa))22/12
/12
ff((xx)) == 1/10
1/10 for
for 55 << xx << 15
15
== 00 elsewhere
elsewhere
where:
x = salad plate filling weight
Expected Value of x
E(x) = (a + b)/2
= (5 + 15)/2
= 10
Variance of x
Var(x) = (b - a)22/12
= (15 – 5)22/12
= 8.33
f(x)
1/10
x
0 5 10 15
Salad Weight (oz.)
f(x)
x
0 5 10 12 15
Salad Weight (oz.)
1 ( x )2 /2 2
f (x) e
2
where:
= mean
= standard deviation
= 3.14159 = PI() (Excel)
e = 2.71828 = EXP(1) (Excel)
Characteristics
Characteristics
Standard Deviation
x
Mean
Characteristics
Characteristics
x
-10 0 25
Characteristics
= 15
= 25
Characteristics
.5 .5
x
Characteristics
Characteristics
99.72%
95.44%
68.26%
x
– 3 – 1 + 1 + 3
– 2 + 2
© 2009 Thomson South-Western. All Rights Reserved Slide
21
Standard Normal Probability Distribution
Characteristics
A
A random
random variable
variable having
having aa normal
normal distribution
distribution
with
with aa mean
mean of
of 00 and
and aa standard
standard deviation
deviation of
of 11 is
is
said
said to
to have
have aa standard
standard normal
normal probability
probability
distribution
distribution..
Characteristics
z
0
x
z
NORMSINV
NORM S INV is used to compute the z value
given a cumulative probability.
z = (x - )/
= (20 - 15)/6
= .83
P(z
< .83)
Step
Step 3:
3: Compute
Compute the
the area
area under
under the the standard
standard normal
normal
curve
curve to
to the
the right
right of
of zz == .83.
.83.
Probability
of a stockout P(x > 20)
Area = 1 - .7967
Area = .7967
= .2033
z
0 .83
Area = .9500
Area = .0500
z
0 z.05
Step
Step 1:
1: Find
Find the
the zz-value
-value that
that cuts
cuts off
off an
an area
area of
of .05
.05
in
in the
the right
right tail
tail of
of the
the standard
standard normal
normal
distribution.
distribution.
z .00 .01 .02 .03 .04 .05 .06 .07 .08 .09
. . . . . . . . . . .
1.5 .9332 .9345 .9357 .9370 .9382 .9394 .9406 .9418 .9429 .9441
1.6 .9452 .9463 .9474 .9484 .9495 .9505 .9515 .9525 .9535 .9545
1.7 .9554 .9564 .9573 .9582 .9591 .9599 .9608 .9616 .9625 .9633
1.8 .9641 .9649 .9656 .9664 .9671 .9678 .9686 We
.9693look up.9706
.9699
the.9756
1.9 .9713 .9719 .9726 .9732 .9738 .9744 .9750 complement
.9761 .9767
. . . . . . . . of the. tail. area .
(1 - .05 = .95)
Step
Step 2:
2: Convert
Convert zz.05 to the corresponding value of x.
.05 to the corresponding value of x.
x = + z.05
.05
= 15 + 1.645(6)
= 24.87 or 25
NORMINV
NORMINV is is used
used to
to compute
compute the
the xx value
value given
given
aa cumulative
cumulative probability.
probability.
Note: P(x > 20) = .2023 here using Excel, while our
previous manual approach using the z table yielded
.2033 due to our rounding of the z value.
Density Function
1
f ( x) e x / for x > 0, > 0
where: = mean
e = 2.71828
Cumulative Probabilities
P ( x x0 ) 1 e xo /
where:
x0 = some specific value of x
f(x)
.3
.2
.1
x
0 1 2 3 4 5 6 7 8 9 10
Time Between Successive Arrivals (mins.)