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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 Random Variables

A Random Variable is essentially the opposite of a Probability. Given the probability distribution, F(x), the Random Variable returns x.

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, Probabilities or other Random Variables.

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

 

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