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Math Help - Simulation Questions

  1. #1
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    Simulation Questions

    Can someone please help me to do this question.


    Mail-order marketing companies have a response rate of 15% to their advertising flyers.

    A) Compute the probability that exactly 3 people out of a sample of 20 respond to the flyers they receive.


    I have to design a simulation for the question. Compare the probability distribution resulting from the simulation with the theoretical distribution I am also using Microsoft excel to do this simulation.

    Thanks
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  2. #2
    Grand Panjandrum
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    Quote Originally Posted by agent2421 View Post
    Can someone please help me to do this question.


    Mail-order marketing companies have a response rate of 15% to their advertising flyers.

    A) Compute the probability that exactly 3 people out of a sample of 20 respond to the flyers they receive.
    The number of responses has a binomial distribution B(20,0.15). So now calculate the probability of exactly three responses b(3;20,0.15).

    I have to design a simulation for the question. Compare the probability distribution resulting from the simulation with the theoretical distribution I am also using Microsoft excel to do this simulation.

    Thanks
    Find out how to generate random numbers uniformly distributed on [0,1] in Excel, then how to test if such a number <0.15 (which would indicate a response).

    CB
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