Question: Exercise 3: Sensitivity Analysis (25 points) Reproduce Figure 7.3 (the partial sensitivity analysis fig.) and Figure 7.5 (the Monte Carlo histogram fig.) in the slides.

Exercise 3: Sensitivity Analysis (25 points) Reproduce Figure 7.3 (the partial sensitivity analysis fig.) and Figure 7.5 (the Monte Carlo histogram fig.) in the slides. Together with the figures, explain the methodology to compute them; i.e., the idea behind the method and how you did it. The explanation should have about ten to twelve lines for each method. If you are using any programming language, submit the codes. If you are doing it on excel, submit your excel file clearly showing how you are doing each step. Exercise 3: Sensitivity Analysis (25 points) Reproduce Figure 7.3 (the partial sensitivity analysis fig.) and Figure 7.5 (the Monte Carlo histogram fig.) in the slides. Together with the figures, explain the methodology to compute them; i.e., the idea behind the method and how you did it. The explanation should have about ten to twelve lines for each method. If you are using any programming language, submit the codes. If you are doing it on excel, submit your excel file clearly showing how you are doing each step
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
