Stats Solutions

[Solution Library] A project manager is performing a Monte Cano Simulation to model the cost of an activity. She knows that the cost is normally distributed

Question: A project manager is performing a Monte Cano Simulation to model the cost of an activity. She knows that the cost is normally distributed with a mean of $190 and a variance of 169. Random numbers produced by her random number generator are given in the table below. What should be the values that she uses for the activity cost in the first 10 realisations? (Use the Box-Muller method. Answer to the nearest dollar in the table below.)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in