Question: Consider a simulation model of the daily average cycle time for a product in a manufacturing system. 1) Which type of simulation is appropriate to

Consider a simulation model of the daily average cycle time for a product in a manufacturing system. 1) Which type of simulation is appropriate to analyze this system: terminating or nonterminating? 2) Suppose you have run the model for 10 independent replications and have collected the following data Replication 1 2 3 4 5 6 7 8 9 10 Avg cycle time 0.897 1.017 0.652 0.629 1.450 0.416 0.245 1.092 0.657 0.569 a. Calculate a 99% confidence interval for the expected daily average cycle time b. On a future day, predict the average cycle time for all parts produced on that day with a 99% confidence

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