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2. For the garage model in Problem 4 of chapter 8, suppose that-(Answered)

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?2. For the garage 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.IND function and a one-way data table to conduct a Monte Carlo simulation to find the distribution of the expected profit.

 

Paper#9209720 | Written in 27-Jul-2016

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