Shawn Bishop, a neuroscience PhD student at Clarksville University, has been having problems balancing his checkbook. His
Question:
Bishop has expenditures that vary from month to month, and he estimates that they will follow this distribution:
Bishop begins his final year with $1,500 in his checking account. Simulate the cash flow for 12 months and replicate your model N times to identify Bishops (a) ending balance at the end of the year and (b) probability that he will have a negative balance in any month.
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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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