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e2. For the garage band model in problem 4 of chapter 8, suppose-(Answered)

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e2. For the garage band model in problem 4 of chapter 8, suppose that the expected crowd is normally distributed with a means of 3,000 and standard deviation of 200. Use the NORM.INV function and a one -way data table to conduct a Monte Carlo simulation to find the distribution of the expected profit.


For the garage-band model in problem 4 of chapter 8, suppose that the expected crowd is

 

normally distributed with a mean of 3,000 and a standard deviation of 200. Use the NORM.INV

 

function and a...

 

Paper#9209666 | Written in 27-Jul-2016

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