For the new-product model in Problem 9 of Chapter 11, suppose that the first-year sales volume is

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For the new-product model in Problem 9 of Chapter 11, suppose that the first-year sales volume is normally distributed with a mean of 100,000 units and a standard deviation of 10,000. Use the NORM.INV function and a one-way data table to conduct a Monte Carlo simulation to find the distribution of the net present value profit over the 3-year period.

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Business Analytics

ISBN: 9781292095448

2nd Global Edition

Authors: James R. Evans

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