Triangular Example 1

An owner needs to describe the amount of gasoline sold per week by his filling station. Past sales records show that a minimum of 3,000 gallons to a maximum of 7,000 gallons are sold per week, with most weeks showing sales of 5,000 gallons. The triangular distribution in this example has three parameters: 3,000 (Minimum), 5,000 (Likeliest), and 7,000 (Maximum).

Figure 91, Triangular Distribution shows the probability of selling x number of gallons per week.

Figure 91. Triangular Distribution

This figure displays a triangular distribution