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What is true about Monte-Carlo simulation? In the Sanotronics example, suppose director labor cost is $46, parts cost is $95 and the 1st year demand
What is true about Monte-Carlo simulation?
In the Sanotronics example, suppose director labor cost is $46, parts cost is $95 and the 1st year demand is 10,000. What is the profit value? (format example: 12,345)
Pease answer both. thank you
What is true about Monte-Carlo simulation? You can use it to model a situation with uncertain inputs. It gives a single value for the output. You generate outputs for three different scenarios. Question 2 (1 point) In the Sanotronics example, suppose director labor cost is $46, parts cost is $95 and the 1st year demand is 10,000 . What is the profit value? (format example: 12,345 ) YourStep by Step Solution
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