Question: Create a Monte Carlo Simulation in Excel. The objective is based on business related activity. The simulation should have revenue, production, payroll, and expenses. will
Create a Monte Carlo Simulation in Excel. The objective is based on business related activity. The simulation should have revenue, production, payroll, and expenses. will run the Monte Carlo Simulation times. Criteria is as follows:
Revenue Production Payroll Expenses
Mean
Std Dev.
need to simulate the revenue, production, payroll, and expenses at random to find the net profit. The net profit is how the simulation will be run
also need to discuss the objective that you are seeking and why?
What is the probability that the net profit is greater or equal to zero? Explain
What is the minimum, maximum, mean, and std deviation from the simulation?
Finally, what was challenging about running the simulation and how can this impact the business you have or currently work for?
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