Question: 1. In the Sklenka Skis model, find a solution that provides a probability that overtime will be needed no more than 20% of the time.

1. In the Sklenka Skis model, find a solution that provides a probability that overtime will be needed no more than 20% of the time. Verify your solution by examining the frequency chart from a Monte Carlo simulation and compare the VaR and CVaR types of chance constraints.

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