Question: It was required for you to do a simulation with the Probability table below. Demand per month Probability 0 0.02 1 0.02 2 0.40 3
It was required for you to do a simulation with the Probability table below.
| Demand per month | Probability |
| 0 | 0.02 |
| 1 | 0.02 |
| 2 | 0.40 |
| 3 | 0.26 |
| 4 | 0.16 |
| 5 | 0.12 |
| 6 | 0.02 |
Run 1000 values for a simulation in an Excel file created by you, and:
- Calculate real expected value and standard deviation of the Demand per month
- Calculate the expected value, and standard deviation of the Demand per month for your 1000 values simulation.
- Determine the % error from the Real Demand and your Simulated Demand.
PLEASEEE IN EXCEL FORMAT
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