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MGMT 36033 Lindenwood University Use of the Monte Carlo Simulation Model Worksheet

MGMT 36033 Lindenwood University Use of the Monte Carlo Simulation Model Worksheet

Question Description

I’m working on a data analytics multi-part question and need an explanation to help me understand better.

The attached file has description of the problem (sheet Problem_Description), and the steps you should then follow (sheet Simulation).

Review also the sheet named Intervals_explained (watch the video).

Complete all the steps as instructed through the comments/notes provided on the Simulation sheet.

Submit the following:

1) snip (png file) showing just the section with summary statistics (range A522:D529)

2) snip (png file) showing formulas you used in the range A522:D529)

3) your recommendation as to whether the company should consider making the new model of a printer (justify your recommendation).

I am assuming that you will use the snipping tool to create the screenshots but you are free to use another tool.

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