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Part B: Create a Basic Simulation Model with a Discrete Distribution - In reality, daily demand will not be 1500 . It is an uncertain
Part B: Create a Basic Simulation Model with a Discrete Distribution - In reality, daily demand will not be 1500 . It is an uncertain value that could range from 500 to 2500 based on the probability distribution provided. - Using the probability distribution provided in the problem, create a simulation model with 200 replications. The simulation model should use a two-way data table to evaluate different amounts of copiers. Test 2,3,4,5, and 6 . - Report the mean, median, standard deviation, max, and min of the values of profit for your simulation. Part C: Create a Simulation Model with a Normal Distribution - Create a simulation model with 200 replications. In each replication, demand will be randomly drawn from a normal distribution with mean 1,500 and standard deviation 250 . - Test the number of copiers as 2,3,4,5,6. - Calculate the mean, standard deviation, maximum, and minimum values of profit based on the
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