________ is not part of a Monte Carlo simulation.

Analyzing a real problem

Analyzing results

Finding an optimal solution

Evaluating the results

________ is not part of a Monte Carlo simulation.

Analyzing a real problem

Analyzing results

Finding an optimal solution

Evaluating the results

After plowing through contracts for a decade, the contract writer knew about how long it took to crank out the material necessary to satisfy a contract's requirements. The distribution could be modeled using the data provided in this table.

Using the random number table 14.3 in your text, column 1, reading across row 3, what is the average length of the next five contracts?

5.2

4.6

5.0

4.8