Question: After running the DADM simulation model for 5,000 iterations, Merck obtains the results shown below for the present value of costs for each vendor. What
After running the DADM simulation model for 5,000 iterations, Merck obtains the results shown below for the present value of costs for each vendor.
What is the probability that Vendor B exceeds its mean cost?
Your answer should be in decimal format between 0 and 1. For example, 21.5% would be 0.215. Include 3 decimal places.
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