Recent content by Iwicka

Thank you for replying Ray, I appreciate it. Here's how I ended up solving the problem. The Weibull distribution has a VaR(p) formula, which is the "Value at Risk"; essentially it directly translates into the X value of the distribution that corresponds to a percentile for the distribution...

Homework Statement Asked to find Weibull distribution parameters, \theta and \tau, using Excel's Solver feature. I know that the 25th percentile is 1500 and the 75th percentile is 250000. Homework Equations Weibull CDF = 1-exp(-(x/\theta)^\tau) The Attempt at a Solution I have...