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Download a pdf copy of this help file here |
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Download a pdf copy of this help file here |
See also: The Stop Sum window
VoseStopSum(Distribution,total)
This function generates random values from the distribution of how many samples need to be drawn randomly from a specified distribution to meet or just exceed a specific total. The parameters are
Distribution - a univariate distribution Object.
Total - the sum that needs to be met or just exceeded.
A company selling loan contracts wants to know how many contracts they wills sell next year. The company employs seven sales people and each of them works 230 days a year. The time to make a loan contract can be modelled by a VoseGamma(3,5,,VoseShift(10)) distribution. The number of contracts that will be sold in one year by one sales person is then:
=VoseStopSum(VoseGamma(3,5,,VoseShift(10)),230)
To know the total number of contracts that will be sold next year by the company, we add 7 generated values from this function together.
Example model