Do this by assuming that the total market size is fixed at 100,000 customers. (Hint: Use the

Question:

Do this by assuming that the total market size is fixed at 100,000 customers.

(Hint: Use the RISKBINOMIAL function. However, if your model requires more RISKBINOMIAL functions than the number allowed in the academic version of @RISK, remember that you can instead use the CRITBINOM function to generate binomially distributed random numbers. This takes the form

CRITBINOM(ntrials,psuccess,RAND()).)

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