Solartechnologie SS 2021 N. Pfanner
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This video is the primer of the first section of your Monte Carlo Simulation and Modelling trail. In this module, we revisit the concept of probability distributions, specifically the binomial, normal, and uniform distributions, cumulative probabilities, and inverse probability functions/quantiles. This includes the implementation of these concepts in MS Excel. After watching the video, you should be able to match the three revisited distributions to real-world scenarios, and perform associated calculations.
