If an analyst knows the minimum and maximum values possible for a parameter, the triangular distribution is a good choice for modeling.

Name: If an analyst knows the minimum and maximum values possible for a parameter, the triangular distribution is a good choice for modeling.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The triangular distribution requires not only the minimum and maximum values but also the mode (most likely value) to define its shape.

If an Analyst Knows the Minimum and Maximum Values Possible