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Models

RiskDiscrete Function

This example explains how to use the RiskDiscrete function which is used when you want to model an uncertain quantity with a finite -- that is, discrete -- set of possible values and corresponding probabilities. It is very general in that there can be any number of possible values, they can be any values (positive or negative, equally spaced or not), and the probabilities can be any positive values that sum to 1. This means that the distribution can have any shape: symmetric, skewed, or even multi-modal.


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