What value for tcm will you tell the production manager

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Reference no: EM133452316

Case Study: Using a Monte Carlo Simulation for Stochastic ModelingDownload Using a Monte Carlo Simulation for Stochastic Modeling
Use this data set to complete the case study: Monte Carlos ModelingDownload Monte Carlos Modeling
Answer the following questions (as outlined on pages 12 and 13 of case study document):
Based on your model, what is the likelihood that TCM will be greater than $36,500. Submit a screenshot of your cumulative distribution function (CDF) chart to support your answer.

Questions:

What value for TCM will you tell the production manager to use in his budget?
Repeat the above analysis using 5,000 rows of randomly generated variables. How do the analysis results change?
How do the results change if you use 12 bins for your histogram and CDF? What if you use 18 bins?

Reference no: EM133452316

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