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To use Excel INV functions, such as XXXX.INV(probability,....) to generate random variates, replace probability by: the mean of...

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Basic Math

To use Excel INV functions, such asXXXX.INV(probability,....) to generate random variates,replace probability by:

the mean of the distribution

0.05, the level of significance

the uniform distribution formula

RAND()

Answer & Explanation Solved by verified expert
4.0 Ratings (688 Votes)

Option-D) RAND(). Because RAND() will give a value between 0 and 1 (both inclusive) same as range of the probability.

                                                                                                                                                                                                                                                                 
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