Perform the Crystal Ball simulation in Problem 25, assuming that demand is normally distributed with a mean
Question:
Perform the Crystal Ball simulation in Problem 25, assuming that demand is normally distributed with a mean of 2.5 and a standard deviation of 1.2 laptops.
Data From Problem 25:
For the ComputerWorld example in this chapter, recreate the simulation shown in Exhibit 14.2 using Crystal Ball. Assume that demand is normally distributed with a mean of 1.5 laptops and a standard deviation of 0.8. Using Crystal Ball determine average weekly demand and average weekly revenue.
Exhibit 14.2:
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Step by Step Answer:
To perform the Crystal Ball simulation for the given problem we need to assume that demand is normal...View the full answer
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