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Triangular Distribution

The triangular distribution describes a continuous probability distribution defined by three parameters: a minimum value, a maximum value, and a modal value. It is commonly used when data is limited and the range of values and the most likely value are known. Its graphical shape is a triangle. It is frequently employed in business decision-making and simulations when there is not much information available about the actual distribution of an outcome, only its extreme values and the most likely one.

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14 views2 pages

Triangular Distribution

The triangular distribution describes a continuous probability distribution defined by three parameters: a minimum value, a maximum value, and a modal value. It is commonly used when data is limited and the range of values and the most likely value are known. Its graphical shape is a triangle. It is frequently employed in business decision-making and simulations when there is not much information available about the actual distribution of an outcome, only its extreme values and the most likely one.

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SIMULATION-WORK 1-TRIANGULAR DISTRIBUTION

TRIANGULAR DISTRIBUTION

A distribution is called triangular when the density function has a shape of


triangle and is defined by two parameters, which represent the minimum value and the value
maximum of the variable.

It is called triangular (general triangular) when it is given by three parameters, which


they represent the minimum value and the maximum value of the variable, and the value of the point at which
the triangle reaches its maximum height. In this case, the triangle is not necessarily
equilateral. 1

The triangular distribution is commonly used as a subjective description of a


population for which there are only limited sample data and especially in cases where
that the relationship between variables is known. But the data is scarce (possibly due to
at the cost of collection). It is based on the knowledge of the minimum and maximum amount and
a 'conjecture inspired' about modal value.

And it is frequently used in business decision-making, especially in the


simulations. In general, when little is known about the distribution of a
result, (for example, just their values and from highest to lowest), it is possible to use the
uniform distribution. But if the most probable outcome is also known,
then the result can be simulated by a triangular distribution.

The triangular distribution is the continuous probability distribution that has a value
minimum a, a maximum value b and a mode c, so that thedensity function of
probabilityit is zero for the extremes (a and b), and linear between each extreme and the mode, therefore
that your graph is atriangle.

Probability density function Probability distribution function


SIMULATION-WORK 1-TRIANGULAR DISTRIBUTION

USE OF THE TRIANGULAR DISTRIBUTION

The triangular distribution is commonly used as a subjective description of


a population for which only a limited amount of sample data is available,
especially in cases where the relationship between variables is known but the data are
scarce (possibly because the cost of collecting them is high). It is based on a
knowledge of the minimum and the maximum and an 'inspired hunch'o"1like that of the modal value.
For these reasons, the Triangular Distribution has been referred to as the one of "lack of
precision or information.

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