Example

Store a seed value of 42; set the number display to 9. Then generate three random numbers.

Table 12-17 Example storing a seed value and generating random numbers

Keys

Display

Description

 

 

 

YG\w]6

 

generator seed.

 

42.00

Stores 42 as the random number

 

 

 

\5d

42.000000000

Set display precision.

 

 

 

 

]6

.199873749

Generate first random number.

 

 

 

 

]6

.863046890

Generate second random

 

number.

 

 

 

]6

.504024868

Generate third random number.

 

 

 

 

\5G

.50

Reset display to default setting.

 

 

 

 

Advanced Probability Distributions

The 10bII+ allows easy calculation of the Z and Student's T probability distribution values. In addition, it allows inverse calculations of both functions. The values are calculated using the lower tail probability. This lower tail probability corresponds to the area under the curve to the left of the input. If you need a value other than a lower tail, such as a two-sided value, please see the conversion instructions at the end of this chapter.

Table 12-18 Advanced probability keys

KeysDescription

]F

Calculates a cumulative normal probability

 

 

given a Z-value.

 

 

]oF

Calculates a Z-value given a cumulative

 

normal probability.

]I

Calculates the cumulative Student’s T

 

 

probability given degrees of freedom and a

 

T-value.

 

 

]oI

Calculates a T-value given degrees of

 

freedom and the cumulative Student’s T

 

probability.

 

 

These distribution functions replace the statistical tables found in the back of textbooks. Unlike the textbook, the calculator can calculate any value, not just a limited selection found in the table.

128 Statistical Calculations

Page 136
Image 136
HP 10bII+ Financial manual YG\w6, Advanced Probability Distributions

10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

One of the standout technologies in the HP 10bII+ is its RPN (Reverse Polish Notation) input system, which allows for efficient data entry and calculation. Users can perform consecutive calculations without the need for parentheses, streamlining the process significantly. Alternatively, the calculator can also function with a standard algebraic input, catering to different user preferences.

The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.