Question: Do you always get this answer? Find out by (1) running the simulation 10 more times, each with 1000 iterations, and finding the 95th percentile
Do you always get this answer? Find out by (1) running the simulation 10 more times, each with 1000 iterations, and finding the 95th percentile and corresponding date in each, and
(2) running the simulation again, but with 10,000 iterations. Comment on the difference between simulations 1 and 2 in terms of accuracy. Given these results, when would you recommend that production should begin?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
