Yes No

Discrete distribution with two outcomes, yes or no.

Parameters

Probability: Probability of Yes.

Applications

Applied in modeling events that either happen or not, such as a contract renewal, a permit approval, a refinancing or a customer purchase.

To apply Monte Carlo simulations to the inputs/outputs of your model, see the Scenarios - Monte Carlo module.

Yes No

Outputs

Plot: Histogram of the distribution with selected Confidence Interval.

Data: Confidence Intervals, Summary Statistics and Percentiles. See a sample Monte Carlo output.

View demo for Normal distribution

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