Suppose that you simulate the elevator of a five-story office building for 10 replications and obtain...

 

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Suppose that you simulate the elevator of a five-story office building for 10 replications and obtain the following average delay in queue in each replication (in minutes): i. 11. 111. 3.80 5.40 3.08 5.78 5.19 4.46 4.73 3.71 4.37 3.27 Find the estimate for the average delay in queue. Construct a 99% confidence interval for the average delay in queue. Find is the number of replications that is required to estimate the average delay in queue with an error of 0.6 minutes with 99% confidence D b. Suppose that we have carried out a 10-replication simulation in order to estimate several performance measures in a complex inventory system. We have constructed a 90% confidence interval for the mean number of lost sales per hour as [1.8, 2.2]. Unfortunately, the boss wanted you to construct a longer confidence interval. Upon this request, choose another confidence level and construct the new confidence interval with the chosen confidence level. Suppose that you simulate the elevator of a five-story office building for 10 replications and obtain the following average delay in queue in each replication (in minutes): i. 11. 111. 3.80 5.40 3.08 5.78 5.19 4.46 4.73 3.71 4.37 3.27 Find the estimate for the average delay in queue. Construct a 99% confidence interval for the average delay in queue. Find is the number of replications that is required to estimate the average delay in queue with an error of 0.6 minutes with 99% confidence D b. Suppose that we have carried out a 10-replication simulation in order to estimate several performance measures in a complex inventory system. We have constructed a 90% confidence interval for the mean number of lost sales per hour as [1.8, 2.2]. Unfortunately, the boss wanted you to construct a longer confidence interval. Upon this request, choose another confidence level and construct the new confidence interval with the chosen confidence level.

Answer rating: 100% (QA)

i To find the estimate for the average delay in queue we need to calculate the mean of the given data Average delay in queue 380 540 308 578 519 446 473 371 437 327 10 4309 10 4309 minutes Therefore t... View the full answer