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After 100 runs of a simulation model, it is determined that 90% of the simulation runs have a simulation output less than 5. In this case, we refer to 5 as a the 0.9

After 100 runs of a simulation model, it is determined that 90% of the simulation runs have a simulation output less than 5. In this case, we refer to 5 as a the 0.9

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 1 After 100 runs of a simulation model, it is determined that 90% of the simulation runs have a simulation output less than 5. In this case, we refer to 5 as a the 0.9.
Transcribed Image Text:Question 1 After 100 runs of a simulation model, it is determined that 90% of the simulation runs have a simulation output less than 5. In this case, we refer to 5 as a the 0.9.
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