2. For the garage-band model in Problem 4 of Chapter 8, suppose that the expected crowd is...

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2. For the garage-band model in Problem 4 of Chapter 8, suppose that the expected crowd is normally distributed with a mean of 3,000 and standard deviation of 200.

Use the NORM.INV function and a one-way data table to conduct a Monte Carlo simulation to find the distribution of the expected profit.

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Business Analytics Methods Models And Decisions

ISBN: 9780132950619

1st Edition

Authors: James R. Evans

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Question Posted: Oct 29, 2024 09:01 AM

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2. For the garage-band model in Problem 4 of Chapter 8, suppose that the expected crowd is...

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Business Analytics Methods Models And Decisions

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