A company shows for a given month the following customer order data (Table 3): a. Assume a
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A company shows for a given month the following customer order data (Table 3):
a. Assume a normal distribution construct an empirical histogram and an interval at 95% probability in which the possible customer orders may likely fall in the future. To do this, run a Monte Carlo simulation of 1000 customer orders. Monte Carlo numerical integration
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Elements Of Numerical Mathematical Economics With Excel Static And Dynamic Optimization
ISBN: 9780128176498
1st Edition
Authors: Giovanni Romeo
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