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ICG, Inc has been struggling to launch a new product for the past 12 months. Given the info below, what is the uncertainty distribution of
ICG, Inc has been struggling to launch a new product for the past 12 months. Given the info below, what is the uncertainty distribution of the expected revenues of a new product? The average price for the product can be minimally S10, most likely $12 and maximally $15. Sales may be between 1,000 and 100,000 products, with most likely sales of 30,000. Use the regular PERT distributions (see a description of the Pert distribution in @Risk) to determine: 1.Average expected total revenue 2.What is the probability that expeeted revenue will be less than $123,123 3.What is the probability that expected revenue will be higher than $800,000 OBS: Simulation settings: 5,000 iterations Sampling Type: Latin Hypercube Initial Seed Fixed-123 RGN Mersenne Twister Multiple simulations All use same seeds 4. What is the difference between choosing static values or random values for distribution returns when a simulation is not running
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