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RENO: Probabilistic Event and Risk Analysis Visual Stochastic Event SimulatorSM
Flowchart and solve the most complex probabilistic problems.

Reference: RENO DEFINITIONS


Defining a Probability

A Probability returns the probability that a random variable is observed by x. In other words, given x, the Probability returns F(x), where F(x) is the cumulative density function of the specified distribution. The returned probability will always be between 0 and 1.

To define the probability, you can choose from the distributions supported by the software and specify the parameters using numerical values or other defined variables in the project, such as Constants, Storage Variables, Equation Variables, Random Variables or other Probabilities.

By default, RENO obtains a uniform random number from 0 to 1 to determine the value at which the probability will be calculated (i.e. x). You also have the option to determine x based on a defined Equation Variable instead.

 

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