For the Bigelow Manufacturing example in this chapter, re-create the simulation shown in Table 14.10 and Exhibit

Question:

For the Bigelow Manufacturing example in this chapter, re-create the simulation shown in Table 14.10 and Exhibit 14.7 using Crystal Ball. Assume that the repair time is normally distributed with a mean of 2.15 days and a standard deviation of 0.8 day. Assume that the time between breakdowns is defined by the triangular used in the example. Using Crystal Ball, determine the average annual number of breakdowns, average annual repair time, and average annual repair cost.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...