Question
Use SPSS to answer the following question.You must provide sufficient evidence what equations did you use in your model? Monthly rent at an apartment complex
Use SPSS to answer the following question.You must provide sufficient evidence
what equations did you use in your model?
Monthly rent at an apartment complex is $500. Operating costs follow a normal distribution with a mean of $15000 and a standard deviation of $300 (minimum of 0). The number of apartments rented follow a triangular distribution with a minimum of 30, most likely 34, and a maximum of 40.
Run the simulation and report the descriptive statistics for the profit of the complex (mean, etc.).
Also, report percentile information on the level of profit.
Finally, you are concerned that the complex might lose money in a typical month and you will be fired as a result. Should you be worried?
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