Look ahead at the scenario described in Prob. 22.7-5. Obtain a close estimate of the expected cost
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Look ahead at the scenario described in Prob. 22.7-5.
Obtain a close estimate of the expected cost of insurance coverage for the corporation’s employees by performing 500 iterations of a simulation of an employee’s health insurance experience on a spreadsheet. Also generate the frequency distribution of the cost of insurance coverage.
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Related Book For
Introduction To Operations Research
ISBN: 9780072321692
7th Edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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