In Example 11.3, suppose you want to run five simulations, where the probability of passing inspection is
Question:
In Example 11.3, suppose you want to run five simulations, where the probability of passing inspection is varied from 0.6 to 1.0 in increments of 0.1. Use the RISKSIMTABLE function appropriately to do this. Comment on the effect of this parameter on the key outputs. In particular, does the probability of passing inspection have a large effect on when production should start? (Note: When this probability is low, it might be necessary to produce more than 25 batches, the maximum built into the model. Check whether this maximum should be increased.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To run five simulations with the probability of passing inspection varied from 06 to 10 in increment...View the full answer
Answered By
Stephen Ngigi
,I have been trained on a wide range of information and I am able to understand and generate text on a wide range of subjects. I am able to assist students with a variety of tasks such as providing explanations, answering questions, and providing examples.
In terms of hands-on experience, I can provide you with sample code, help you with debugging, assist you in understanding specific programming concepts, and help you with your coding projects. I am also able to provide you with resources such as tutorials, documentation and links to helpful articles and videos.
In short, My proficiency is based on the vast amount of data and information that I have been trained on and my ability to understand and generate text on a wide range of subjects. My main objective is to help you understand complex topics and provide you with the information you need to succeed in your programming and coding studies.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
