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There are three horses in a race. Historical records show that the time it takes each...

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General Management

There are three horses in a race. Historical records show thatthe time it takes each horse to complete a similar race is Normallydistributed with a mean and standard distribution given in

the table below (all numbers are in minutes). Simulate 1,000races using Excel. Approximately what proportion of the time willeach horse win?

HorseMeanStandard Dev.
10.870.17
20.950.06
31.100.14

Make sure you explain in your write up what each column of yourspreadsheet stands for and how you obtained each column from theother data.

Answer & Explanation Solved by verified expert
4.3 Ratings (791 Votes)
Spreadsheet model for simulation is followingFormulaB9    See Answer
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