16. For a washing powder manufacturing factory, frequency distribution of contribution(= sales price - variable cost) per
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16. For a washing powder manufacturing factory, frequency distribution of contribution(= sales price -
variable cost) per unit, annual demand, and requirement of investment were found as follows:
Consider the random numbers 93, 03, 51, 59, 77, 61, 71, 62, 99, 15 for Monte Carlo simulation for 10 runs, to estimate the percentage ofretum on investment (ROI%) defmed as
Recommend an optimum investment strategy based on the modal value of ROI%.
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