Perform a simulation assuming the plant will be designed to meet the expected demand. Use RISKSIMTABLE with a range of possible values to help the firm decide what the plant capacity should be. Which simulation has the most risk as measured by spread or dispersion in the data? Please state clearly what statistic you used to answer this question.

Question

Quizplus · Accepted Answer

The Answer of Perform a simulation assuming the plant will be designed to meet the expected demand. Use RISKSIMTABLE with a range of possible values to help the firm decide what the plant capacity should be. Which simulation has the most risk as measured by spread or dispersion in the data? Please state clearly what statistic you used to answer this question.

Perform a Simulation Assuming the Plant Will Be Designed to Meet