Edward Owen is responsible for the maintenance, rental, and day-to-day operation of several large apartment complexes on
Question:
(a) Simulate Owen€™s monthly A/C failures for a period of three years. Compute the average number of failures per month.
(b) Explain any difference between the simulated average failures and the expected value of failures computed by using the probability distribution.
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Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9780136115830
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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